The Long Investor

$ETH

Added 2024-02-28 11:00:40 +0000 UTC

This has been a monster move from $ETH and I am glad to see it in Wave 3 and nowhere else.

We know the top is coming as moves like this are not sustainable but the hardest thing for holders is sticking with it until there is a rejection and believe me, I have been thinking about it too.

We can also see how far the price action is above the 50 and 200 Day MA right now, showing how aggressive the move has been.

Between now and $3500, we will watch closely for signs of losing steam....$BTC has already gone above its Wave 5 target now too and equally looking like it needs a pull back too.....but market chasers have not appeared to have come in just yet.

So we have a situation where $ETH and $BTC holders are not selling but buying more, meaning supply has been very low and this pushes the share price higher.

Nice situation to be in when you are in it.