The Long Investor
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$ETH
🕑 Added 2025-04-23 11:02:55 +0000 UTCOur buy alert yesterday morning at $1600 is now up +12% in 24hrs.
The timing was good but the set up was there.
Price initially held the blue support line at $1420 and then recaptured the 0.78 Fib at $1566.
$BTC started moving higher and $ETH was holding support....something was brewing.
So we added +20% to our $ETH position and it may end up being my best buy of the year.
As always, I expect a move back to the 200 WMA which is at $2450, as we know this behaves like a magnet and $ETH is massively undervalued compared to $BTC right now.
Price is just testing the 50 Day MA at $1838, a break above this level and this could run very quickly higher.
I have no doubt in my mind that $ETH goes back above $4000.
