#ETH update and trade setup

ETH is risky and is showing very less recovery rate but few factors are very important to consider.

Last time when ETH pumped from 3700 to 4300 happened under same conditions, BTC gained spot light, ETH dumped and was showing no recovery rate but all of a sudden ETH started performing.

Not just on fundamental persepectives but if you closely analyse market on technicals then you will see

ETH three leg correction is completely without any relief swing

BB expansion has already tested.

Distance between price and 50ma has increased a lot.

These are the technical signs which are showing that ETH will produce relief near soon and can test 4220 in this relief.

If your portfolio has spaced and you closed bitcoin's last position on breajeven then consider below ETH swing trade setup.

Entry: 3980 (Market price)

Tp: 4220

Trade setup: ISolated futures, 10% capital.

DCA entry will be provided with market ocndiitons.

#BinanceHODLerXPL is #SECxCFTCCryptoCollab #DogecoinETFProgress $BTC $XRP $ETH