In the cryptocurrency trading world, I have always believed in the power of trends. It is precisely based on trend trading strategies that I have reaped significant profits in my Ethereum trades.

At the beginning of last year, I began to closely monitor Ethereum. Through technical analysis, I discovered that Ethereum's weekly candlesticks had consistently stayed above the 50-week moving average for several weeks, and the 50-week moving average was steadily rising, which is a clear signal of an upward trend. Meanwhile, from a fundamental perspective, the Ethereum 2.0 upgrade plan was steadily advancing, and its transition from Proof of Work (PoW) to Proof of Stake (PoS) would significantly enhance the network's scalability and energy efficiency, undoubtedly providing strong support for its long-term value.

Based on these judgments, I decided to enter the market. When the price pulled back close to the 20-day moving average and a small bullish candlestick stabilization signal appeared, I decisively bought in. I set my stop-loss at the point of falling below the 50-week moving average, with the take-profit level initially set near the previous historical high.

During the holding period, market fluctuations were constant, but I adhered to my trend trading strategy. As positive news regarding the Ethereum 2.0 upgrade continued to be released, market confidence in Ethereum soared, and its price climbed steadily. Ultimately, as I approached my predetermined take-profit point, I chose to partially sell to lock in profits, while continuing to hold the remaining position to follow the trend and gain more potential earnings.

This trade made me deeply realize how important it is to have a mature trading strategy and to execute it strictly in cryptocurrency trading. It not only helps us seize opportunities in a complex market but also effectively controls risks.