Recent status? Just like my position—steady as a horse!
ETH is steadily above 4000, the trend is incredibly strong, I don't think it’s exaggerated to see it rush to 5000 before November.
This wave of Ethereum is really steady yet fierce. Despite multiple divergences on the daily level, it couldn't be stopped. Looking back at history, the last time such 'divergence after divergence' occurred was during the big bull market of 2020-2021.
The current $ETH is at the second highest point below the historical high of 4800, and the trend is very healthy.
Where is the high? I won't guess, 4800, 5200, 6400, 8800, 10000—bring it on, I will watch the opportunities every day.
ETH's 'doubling rule'
In the past 7 major rises, each time started from the bottom and doubled. This round starts at 2120, according to the pattern the top may be around 4240, a 5%-10% fluctuation is also reasonable. But the real hard resistance is at the historical high of 4800, based on experience there will be a decent correction when reaching this area—at that time, I will choose to clear out some positions, or even take small low-leverage shorts.
For insights on the driving forces behind Ethereum's surge, refer to the article: Is Ethereum the biggest variable in the crypto world this year? Ethereum's unusual charge, altcoins flying! Backers are fully ramping up—are you still on the sidelines?
What if this round misses?
There are two types of strategies:
1. Short-term catch-up: Invest in small coins within the ETH ecosystem, such as PEPE (look around 0.13) and ENA (look around 0.78), pick them up during corrections.
2. Mixed learning and lying flat: Wait for the panic market to enter, don’t chase highs, don’t enter during extreme greed. This is the survival wisdom of veteran investors, though you won't buy at the lowest or sell at the highest, it remains stable over the years.
This wave of altcoins trend to focus on:
#PEPE : The takeoff is a week-long market, those heavily invested can reduce positions around 0.00001400, mid-term breakout at the neckline looks at 2100 with no suspense.
#ADA : 5% increase in 24 hours, MACD golden cross imminent, looking short-term at 1.03-1.2 USD.
#LINK : Launching Chainlink Reserve, using profits to continuously buy back LINK, equivalent to installing a buying engine for the coin price. My long-term grid is already at 26%, targeting to double within the year, aiming for 40-50 magnesium.
$BNB : Target 1000 remains unchanged; $DOGE : Target 0.4 remains unchanged.
On-chain gameplay philosophy
BSC: Look for high control stocks for mid to long term, for short term just follow official promotions for themes.
SOL: Suitable for news/narrative trading, to do well you need to understand foreign cultures.
Alpha low market cap projects: Many are beginning to stir now, those who position themselves early may benefit.
Conclusion: ETH is a backbone force driven by fundamentals and emotions, small coins are the seasoning for short-term catch-up. In a bull market, don’t fear the market being fierce; what you should fear is being slow or confused.
Remember two phrases: In the face of trends, predict less and follow more. Only act during panic times is true low buying.
Market waves come one after another, going solo makes it easy to get lost.
If you want to seize the next doubling opportunity, feel free to join my circle and exchange ideas with a group of old friends! Together we can avoid detours and outperform the next bull market!