ETH Pullback within Strong Weekly Rally — Buy on Weakness
I see Ethereum trading at $4,545.69 (down 4.01%) / 185,710 TL (down 3.66%) after a short intraday pullback. Weekly performance remains strong, up 16.02%.
The intraday range shows a high of 194,788 TL and a low of 181,618 TL with volume of 29,460,075.82 TL, suggesting the pullback may be a correction inside an ongoing bullish weekly trend.
Analysis
Weekly momentum is positive despite the current dip. Key technical levels: support ~181,618 TL, resistance ~194,788 TL. Volume is moderate, indicating profit-taking rather than a trend reversal.
Recommendation
I would consider buying on weakness: look for entries near the 181,600 TL support or a clear reversal signal, and place a stop below the recent low to manage risk.
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.