These days, the market feels very good. Ethereum has surpassed $4700 and many altcoins have also seen a notable rise.
Also, it should be noted that in the last two weeks, ETH ETFs have received $4.6 billion in net inflows.
In terms of dominance, Bitcoin holds 58% of the market, while Ethereum has 13%. In previous altseasons, BTC dropped from over 70% to around 40%.
When to take profits?
Guessing the maximum price of a coin is almost impossible, that's why you need to use some strategy. Personally, I use the DCA strategy because I believe it is one of the most effective for both accumulating and selling. Let me explain a bit how it works:
For example, if you bought ETH at $2000 and it has risen to $3000, you can sell 25% to secure profits. If it drops, that's okay because you have secured profits. And if it rises, you still have 75% left.
This is just an example, and each person can adjust the strategy to their liking and according to their market outlook.
These days I have sold part of my ETH and I will keep the rest until $5000 or more, as long as we reach it. Also, during the correction a few days ago, I was able to buy $SUI, $BNB, and $SOL. I also had an order placed for $ENA to buy it at $0.50, but it reached $0.51 and my order was not completed, now it is worth $0.80. (It happens). 🥲
