Analysis on $ETH

Downtrend persisted from December to late March.

A bottom formed around early April (~$1,550).

Since then, ETH has rebounded and is consolidating sideways near the $1,800–$1,850 zone.

This could indicate accumulation or distribution — a breakout direction will give clarity.

✅ Spot Buying Strategy (Swing/Short-Term Position)
1. Wait for Confirmation (Breakout Strategy)

Trigger Entry: Buy spot if ETH closes above $1,870–$1,900 with strong volume.

Why: That range is a recent resistance. A breakout signals continuation of a trend shift.

2. Support-Based Accumulation (DCA Strategy)

If you're risk-tolerant and want to accumulate, consider Dollar-Cost Averaging:

Buy some at current level ~$1,800

Set buy orders around $1,700 and $1,550 (last support)

This spreads your entry over likely pullback levels.

3. Stop Loss / Risk Management

Place a stop-loss below $1,550, where the recent swing low occurred.

If ETH falls below this, the recovery structure is invalidated.

4. Target Zones (for exit or profit taking)

$2,000–$2,150: Initial resistance

$2,400+: Medium-term target if bullish trend resumes

Not a financial advice , Do Your own Research