$ETH ETH Long: Resilience in the Consolidation Zone đđ
Current market conditions are testing patience, but the strategy remains clear. Iâm currently holding an ETHUSDC Long at 125x leverage. Despite the current unrealized PnL of -71%, the technical setup suggests we are in a high-reward accumulation phase.
Why am I holding?
Ascending Triangle Formation: On the higher timeframes (H4/Daily), $ETH is compressing into an ascending triangle. We are consistently making higher lows, even if the $3,350â$3,400 resistance is proving stubborn.
Fundamental Strength: Weâve seen a massive surge in network activity lately, with active addresses doubling. The supply dynamics remain neutral-to-deflationary, providing a solid floor for price action.
Whale Activity: Whale data indicates that large players are absorbing these dips. I am following the smart money, not the short-term noise.
My Strategy
I am playing the Mean Reversion and Breakout strategy.
DCA (Dollar Cost Averaging): Using these dips to lower the average entry while staying above the liquidation price.
Risk Management: High leverage (125x) requires extreme precision. I am watching the 200-day EMA closely; as long as we hold above key support levels, the bullish thesis remains intact.
Take Profit - TP$ETH
Target 1: $3,450 (Immediate resistance breakout)
Target 2: $3,800 (Psychological level)
Moon Target: $4,200 (Full triangle breakout target)#ETHđ„đ„đ„đ„đ„đ„