Ethereum - BuyAfter a prolonged observation period, we have identified a bullish trend in the Ethereum market. In light of this development, we are initiating a buy position, targeting the upper boundary of the current market structure.
To manage our risk effectively, we will set our trade to breakeven once the price reaches the -50 Fibonacci retracement level. This strategy will allow us to safeguard our capital while remaining positioned to benefit from further upward momentum.
We will continue to monitor market conditions closely and provide updates should the bullish trend shift to bearish. Currently, all indicators suggest a continued bullish outlook for Ethereum.