ETH hasn't shown weakness the past 2 days while BTC was bleeding, we could assume that we are currently accumulating in the liquidity zone waiting for BTC to make the move to the upside after creating the triple bottom. 1,300 level is only the first entry of this long, I will add more to the POS if we go down a little more to test the line of support. I am completely midterm bullish on ETH, as we haven't seen a proper reaction from the merge even though we have the volume to move. Please use proper risk management, as this is only TA, not taking into account any external economic factors, SL for this trade will be fairly wide as we could see a small movement towards the downside before pushing up. I will personally start taking profits around 1480-1500. Have a blessed day traders!!
Trade active:
As we drop I DCA on my POS currently in the green, we should see an upward movement before a downward movement based on the NY session