#ETH
$ETH has reached the buying zone I mentioned earlier ($2200 - $2100). The price made a dip to around $2150, where a strong buyer is pushing it upwards. Currently, $ETH is approaching the resistance zone at $2350 - $2400. If we successfully break through the $2400 resistance, we can expect a retest and then a move to the $2550 - $2600 range. I’ll be looking to enter after the breakout on the retest.
If we don't see a breakout above $2350 and consolidation in this price range, we could drop to the $2000 - $1600 zone. For futures, here's my plan:
EP: $2300 - $2150
TP: $2400 - $2550
SL: $2100 - $2050
Why use a stop? If we fall below $2050, a drop to $1850 - $1650 is likely (I have spot buy orders set there). On futures, I’m opening a position with 1-2% of my portfolio, while 30% of my investments are in $ETH spot. If my futures position closes at a loss, my spot will cover it. A simple but effective strategy.
Fundamental analysis:
$ETH has surpassed $2300, up 2.41% in the past 24 hours. Reports indicate that large $ETH holders have stopped accumulating since early July and have begun selling or redistributing their assets. Discussions around $ETH’s future include using existing L2 solutions to launch "official $ETH L2" to capture more fees.
The $ETH ecosystem continues to show resilience, despite consolidation of major tokens like $ETH and $BTC. Innovations and developments, such as Blackrock's $ETH-based projects, ETH L2 launches by major brands, and the growing popularity of decentralized applications like Polymarket, are driving ecosystem growth.
All this news aligns perfectly with my idea! Let’s see how it plays out. Personally, I’m confident in the outcome! Wishing everyone profits!
