The Long Investor
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$ETH
🕑 Added 2025-02-28 11:46:09 +0000 UTCIs now at the 0.618 Fib, the blue support line and the triangle support line that has been in place since early 2022.
This is an important support confluence level now and the $2100 level has offered support twice since August '24.
We are already below the 200 WMA and we can see over the last 3 years that $ETH has a habit of not spending long under its 200 WMA, in fact this is evident since $ETH's existence.
I am considering increasing my $ETH position by +50% shortly while the price is under the 200 WMA.
The RSI on the daily is at 21
The RSI on the weekly is at 37.
I want to see support held on this confluence level first and then I will add.
Comments
Muhammad Siddique
with CAP on ETH.
Muhammad Siddique
CAP on this point - agree 100%.
HS
Has support been found yet? Staying above 0.618 maybe bulls stepped in
Matt Lampkin
@Franky...the correction is already underway, it's happening as we speak. $ETH just dropped -50% since December 15, and now we're watching for bottom confirmation. It's better to analyze current market conditions (daily/weekly) to formulate a basis for your hypothesis, than it is to try and blindly guess what the market is going to do at an unknown point in the future.
Franky Wah
Well not completely, but when market does sells off, so does bitcoin, and eth will follow
Gareth Neary
Has $ETH been following the market?
HS
Any update on Jasmy please?
Martechnic
Send it back up at warp speed pls 💃🏼
Franky Wah
Hi Cap, if a correction is around the corner, why buy more eth? Just curious, eth would go down even more as Bitcoin would sell off, i believe you said bitcoin has been following the market!
Hux
50% 🤯 love the confidence here
Samuel Filipczak
With you on this cap 🤝
