ETH Nears $4,650–$4,900 Resistance After $4,600 Surge; Risk Management Crucial
I believe Ethereum (ETH) has climbed to about $4,600 driven by bullish HODLing and strong accumulation. This price action signals momentum, but also brings ETH close to a historically significant supply zone where selling pressure has emerged before.
I'm watching the $4,650–$4,900 band closely as a likely resistance area; the market may struggle to push through without a corrective pause. Traders should be prepared for rejection or consolidation in that range.
Risk management is essential in my view: position sizing, stop-losses, and profit-taking plans should guide any trading around this level to navigate volatility and protect capital.
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The AI 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.