ETH: Spot Accumulation & Perpetuals Strategy
2025-01-24
Category: None

Because everyone is talking about SOL at $500 and dissing ETH, for the past weeks, I’ve been steadily accumulating spot positions below the $3,200 level, confident that ETH will soon break out of its lackluster performance this bull run and deliver the explosive move it owes us. Buying into the bearish CT sentiment regarding ETH has been a good strategy so far.
Yes, ETH price action has been a joke, but I believe ETH and a few ETH based altcoins have the potential to skyrocket once momentum aligns.


Key Observations:

200 EMA on 12H Timeframe:
This has been a pivotal support level for sustained rallies. If it continues to hold, I expect ETH to build strength and retest the highs near $4,080 in the near term, then break them. Losing it will not damage the structure, but it might lead to a retest of the purple box.

Diagonal Resistance:
A confirmed breakout above the diagonal resistance could confirm a shift in momentum, likely fueling a rapid move toward the highs. Until then, this trendline remains a obstacle: if price fails to break above it, we might see a pullback.
A failure could lead ETH to revisit the $3,000 (hopefully $2,800) range, which I’ve highlighted as an optimal zone for longs.

Spot vs Long Positioning:
While I’ve yet to take any leveraged longs, dca for my spot bags remain a primary focus.
I missed a long entry by a mere 1.5% but isn’t a concern, discipline pays off in the long term. If price reaches my desired entry levels, I’ll execute. If not, I’ll happily ride my spot bags to potential new highs.

Strategy:
Breakout Play: A clean break of the diagonal resistance with volume could signal a long opportunity, targeting $4,000+.
Retest Play: If price revisits the $2,800–$3,000 level, I’ll look to build additional leveraged exposure, expecting a strong bounce from that demand zone.

Patience and risk management remain key—whether the next move is up or down, I’m well-positioned for the outcome. Hope to see ETH finally performing and hoping you are positioned for this scenario too.
If not, there might be an opportunity left to grab! 🍾