Ethereum ($ETH) has always been one of my top picks when it comes to both short-term trading and long-term holding. Recently, I’ve increased my focus on ETH due to several key developments and patterns forming in the market. With the market showing signs of a potential rebound, ETH is playing a critical role in leading this recovery.
One of the main reasons I trade $ETH actively is its high liquidity and strong correlation with the overall crypto market. ETH usually gives early signals on trend changes before smaller altcoins follow. I noticed a clear breakout attempt on the daily chart recently, with higher lows forming and a clean resistance zone at $3,800. If ETH can break through this level with strong volume, I expect a decent rally in the short term.
I usually combine technical analysis with on-chain metrics. Lately, the gas fees on Ethereum have dropped significantly, and Layer 2 activity is increasing, which shows the ecosystem is maturing. This boosts my confidence in ETH as a fundamentally strong asset. I also track ETH/BTC ratio for clues on altcoin seasons.
My current strategy involves swing trading ETH with a tight stop-loss. I enter trades near support zones and scale out at major resistance levels. I always manage risk by not overleveraging and ensuring my position size fits my capital.
Whether the bull market fully resumes or not, I believe $ETH ETH will continue to play a dominant role, and I’ll keep updating my operations as the market evolves.
