Ethereum has had quite a run over the past six weeks. Yesterday's tiny pullback seems to have just set the stage for a further advance. This echoes the price action that prevailed until late summer 2022.
From Labor Day 2022 until the end of January 2024, sideways price action gave Ethereum traders almost as many opportunities to be whipsawed as to make profits.
A second-stage advance will find us adding to our long position if Ethereum can manage to hold above 3650 or so. If we do load the boat, we'll be ready to reverse on a pullback below 3450.
From Labor Day 2022 until the end of January 2024, sideways price action gave Ethereum traders almost as many opportunities to be whipsawed as to make profits.
A second-stage advance will find us adding to our long position if Ethereum can manage to hold above 3650 or so. If we do load the boat, we'll be ready to reverse on a pullback below 3450.
Trade active:
Added 10 METH2024 @ 3872. Current stop is around 3690.