Technical analysis by Silverbacked_Gorilla about Symbol ETH: Buy recommendation (4/6/2025)

Genius I know right.I though I was special calling for a big drop on XPR and closed out a nice trade to start my week with my morning coffee here in NZ. Of course I look at the rest of the market and see that the drop was clearly across the board. I don't feel as special, but still happy. And will be really happy if we are close to a support level on ETH after this 10% drop. I am already in long with some size and ready to average into a much bigger long position. This is where I am happy to not run close stops, size up without crazy leverage and let my liquidation point act as my stop. Very rarely, but this is a very good opportunity in my opinion. Just be mindful to have a plan if we go lower, but I think we will retrace back up to $1687 within the next couple of hours.My limit orders are getting filled as the price goes down. I am glad I did not go all-in hard with the first sized position. I want to be able to push my liquidation price lower till we find a real bottom and retrace up into profit.