The analyst is bullish on Ethereum long term, seeing the current price below the 200-week moving average as a favorable risk/reward setup.
Ethereum trading deep below its 200-week moving average and sentiment being very negative suggests a good reward opportunity for a long position.
In terms of risk v reward $ETH deep below its 200 WMA favours the reward side Sentiment is in the gutter. Unwaveringly bullish long term here
| Horizon | Raw move | vs SPY |
|---|---|---|
| 1 day | -2.7% | -3.4% |
| 1 week | +10.6% | +9.2% |
| 1 month | +16.5% | +18.1% |
| 3 months | — | — |
| 6 months | — | — |