strong buy
Ethereum Long-Term Hold Achieves Success
This deal has been ongoing for over 8 months. I have held a long position in $ETH, starting from November 2024. Initial entry was around $3800, with expectations that both Bitcoin and Ethereum would hit new all-time highs. However, Ethereum's ATH was not surpassed, and the value nearly tripled, resulting in a significant profit. I considered potential dips as part of a long-term strategy, often adding to my position during market declines, which I successfully did. I bought on every downturn, trusting Ethereum's chances to return above $4000 rather than drop below $500. My accumulated position grew to $1385. I am considering taking profit at ATH but will monitor the situation carefully. The continuous funding rate and possible consolidation phases are concerns. Overall, this is not just about the profit and loss chart—this is the most successful trade I’ve managed so far, and I wanted it documented.
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AI Analysis
The trader's perspective illustrates a consistent and disciplined long-term approach to investing in Ethereum. Starting from a substantial entry point at around $3800 in late 2024, the trader anticipa...
AI Recommendation
Given the current scenario, it would be prudent to consider gradually taking profits around ATH levels, especially if external factors such as funding rates are unfavorable. Maintaining a flexible sta...
Disclaimer
The AI 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.
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