Technical analysis by BlackisKing about Symbol ETH: Buy recommendation (3/29/2025)

ETH has been "crashing" lately but I think it is in the end state of a long rally. In fact I think we are in the last stage of Wyckoff distribution and we could see a major rally soon. Looking at the 300 SMA we bottomed there in June 22 and if we hold there, it could be the spring board for a massive rally to new highs. Also I think GLD will top in a week or so which will be good for BTC and ALTS. Not investment advice. Please like and share and leave a comment.Easier to visualize it this way:ETH looks just like GLDEth likely bottomed. I took advantage and bought some this morning.RSI on monthly has never been this oversold.Still looking strong. Just going back and reading all the fearful comments about ETH. Sometimes the best time to buy is when there is blood on the streets.Looking strong. We might stall around 3800 for a few months before next leg. I will create another chart once the stall is complete. Not investment advice. Please like, share and leave a comment.