Ethereum: ATH Hold Signals Further Rally
I believe Ethereum will hold at a new all-time high (ATH) and then push higher. If price tests and sustains the ATH, it should act as support and attract more buying pressure.
I will treat a confirmed ATH hold as a bullish signal and look to add or maintain positions while managing risk with a stop beneath the new support.
Analysis
I expect momentum and demand to convert an ATH into support; if the hold is confirmed with volume, continuation higher is likely, while failure would likely lead to a retest or deeper pullback.
Recommendation
Accumulate on a confirmed ATH hold or buy on strength, size positions prudently and place a stop-loss below the new support to limit downside.
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.