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Adding To My Ethereum Position

I added to my Ethereum position today as it retook its' 50-day moving average with volume coming in. Due to the volatility associated with cryptocurrency trading, I prefer to build a position over multiple buys rather than establishing a large position all at once. The fact that my prior buy is at a profit provided me with some clarity that it was ok to add more exposure. It's also very constructive to see Ethereum above both its' 50 and 200-day moving averages as well as its' 50-day moving average above its' 200-day moving average. Should Ethereum continue higher in the coming weeks, I will look to add some more if a proper entry entry point occurs.

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Full Disclosure: This post contains affiliate links to Gemini and Coinbase.

Full Disclosure: I currently own Ethereum.

Disclaimer: This information is issued solely for informational and educational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. None of the information contained in this post constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. From time to time, the content creator or its affiliates may hold positions or other interests in securities mentioned in this blog or the associated Twitter and Instagram feeds. The stock or stocks presented are not to be considered a recommendation to buy any stock or stocks. This material does not take into account your particular investment objectives. Investors should consult their own financial or investment adviser before trading or acting upon any information provided. Past performance is not indicative of future results.


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