Given #Ethereum current price of $3,995.32 and market conditions, here's a concise trading plan:
#spot - Entry Point: Consider buying above $4,000, given potential for growth after the upcoming Fusaka upgrade and increased network activity
- Stop-Loss: Set at $3,800 to limit potential losses
- Target:$4,250-$4,500 in the short term, with potential for further growth to $4,800-$5,000 by year-end
Key Factors:
- Fusaka Upgrade: Scheduled for mainnet launch around December 3, potentially improving scalability and reducing costs
- Network Activity: Daily transactions surpassed 1.2 million, and total value locked in DeFi protocols increased 8% week-over-week
- Technical Indicators: RSI and MACD show neutral signals; moving averages indicate a mix of buy and sell signals
- Market Sentiment:Bullish sentiment driven by institutional adoption and whale accumulation
Consider setting take-profit orders at key levels to lock in gains.
à„đđ Buy and trade here đ#SmartInvesting