Cautious Watch on Ethereum — Monitor for Breakout or Support Retest
I'm currently watching Ethereum. The network fundamentals remain solid—developer activity, DeFi/NFT demand, and lower issuance after protocol changes—yet price action has been range-bound and sensitive to macro risk.
I want to see either a clear breakout above near-term resistance or a clean retest of support before increasing conviction. For traders I prefer staged entries and tight risk controls; for long-term holders, continued dollar-cost-averaging makes sense.
Analysis
Recommendation
Watch price action and use staged buys or DCA rather than lump-sum exposure. Consider buying on defined weakness with stop-losses and size positions to risk tolerance.
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.