To all my fellow crypto enthusiasts who have been following my humble analysis and recommendations, I would like to say congratulations and thank you for your trust. A special and even bigger thank you also goes to the fellow bears and naysayers who disagreed with my bullish analysis of the market, especially Ethereum ($ETH ), claiming that “ETH is dead”, I hate to say that I told you so….. but I told you so.
Ethereum is trading today around $2550. If you entered when I advised at $1785, you would have seen a week or two of losses that would have made an inexperienced trader panic sell and take an unnecessary loss since the price reached a low of about $1350. Conversely, if you stayed disciplined as I urged my friends, family, and valued readers to hold your crypto, and preserved some capital to continuously buy the lows periodically by DCA (dollar cost averaging) as the mass sell off carried out, you not only would have recovered those initial insignificant losses, but you would be in a minimum of 30% ROI (Return On Investment) right now if you entered at $1785 only. You should be up much more than that if you recognized the panic selling as an opportunity to buy at a sizable discount and bought more ETH every time the price dipped instead of being a scared sheep that fell victim to herd mentality.
My apologies for speaking in terms of could’ve, should’ve, would’ve. I am not gloating, I am just illustrating a point to any skeptics or haters that don’t understand why my readers and followers have so much trust in me and value my opinion. I welcome all your skepticism and criticism, but I will not allow you to discredit or defame the hard work I put in to deliver the highest quality and most reliable insights to my respectable readers’ and followers’ attention.
Moving on, we are seeing some resistance at around $2600 as it currently stands, so proceed with caution. My personal suggestion would be to secure some profit (around 25-50% of your initial investment) to offset the risk of any possible pullback in price action whilst still having money in the market (75%-50% of your initial investment) to catch further prices and ride the wave if prices remain in an upward trend.
Don’t panic and give in to FOMO (fear of missing out) if you see some downward price action in the next few days as it is expected after such a strong upward rally this past few days, the RSI averaging between 80-90 supports this analysis as it signifies severely overbought conditions. Nevertheless, don’t depend on RSI alone as it is currently skewed, which is expected after such sudden increase in trade volume due to positive market sentiment following the Trump administration’s trade deals (especially US/UK) and tactical foreign policies (especially with the GCC), coupled with the recent release of economic reports that conveyed favorable indicators such as steady fed rates, low price of crude oil, improvement in American purchasing power, and massive corporate and industrial investment into the US worth billions.
To clarify, those aforementioned profit numbers (30% and above) are pure profit just from simple spot trading (buying low selling high), without the use of additional institutional tools and instruments. For example, if you are risk averse then you could have added leverage to your trade and made even higher returns. Another example, for the more cautious traders would be using flexible/locked staking as an additional financial tool on top of your spot trade, then your ROI would be even higher in the future via two avenues, the first being price action as the price rises will, and the second is your initial equity size which will be growing due to compound interest. Many other useful tools are at your disposal thanks to the Binance Team’s amazing work towards building the most well equipped, accessible, and empowering platform! More on that in my next article. #ETHCrossed2500 #ETH #Ethereum #ETH走势分析 #ETH🔥🔥🔥🔥🔥🔥
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