$ETH I've started planning a relatively large spot position for the next cycle.
For something that's still the second-biggest asset in the space, this chart could end up looking seriously undervalued if it keeps holding this structure.
That said, price still feels like it's in a mid-bear rally, and I'm not trying to get caught on the wrong side if we see another 20–30% downside from here.
My approach is to deploy a solid chunk of capital and DCA over a few months, but only if price comes back into the blue zone on my cloud that's where I see real accumulation.
This would be a medium to long-term hold with a very asymmetric setup. Even a move back to the upper gives boundary around a 12RR.
Definitely one I'll be coming back to in a few years.
