#AltcoinTrade – My Ethereum - #TradeStories 📖
Last week, I did a short-term trade with Ethereum ETH The main reason for choosing ETH was that it was trading at a strong support zone and there was some mild hype around the recent Dencun upgrade.
At one point, I noticed the RSI was below 35, and at the same time, on-chain data was indicating that many large holders were accumulating. Alongside that, Ethereum gas fees were also dropping, which is a good signal for network usage. Altogether, it felt like a bounce was likely.
I entered around $1795.39, with a target of $1825.00, and I closed the trade near that point.
Bitcoin vs ETH Trading:
I usually have more patience in BTC trades, as it's comparatively less volatile. But with ETH and other altcoins, I'm a bit more active especially when there are fundamental updates or technical setups.
While trading, I give special importance to news, price action, and on-chain sentiment.
