ETH Breaks $4,400 but Volatility Signals Caution
I see ETH has broken above $4,400 and is currently trading at $4,400.22.
Despite the breakout, it has fallen 2.93% over the past 24 hours and volatility is high.
I will monitor price action closely and recommend strict risk controls rather than adding aggressive exposure right now.
Analysis
The breakout above $4,400 shows bullish intent, but the intraday decline and elevated swings point to uncertainty and a potential false breakout.
Recommendation
Watch price action and manage risk; avoid initiating large new long positions until momentum and volatility normalize.
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.