ETH: Sell into a $4,800–$5,200 Rally — Expect $4,100 Retest
I expect Ethereum (ETH) to rally into the $4,800–$5,200 area by the end of August and then reverse. After that bounce, I believe it will dump back toward a $4,100 retest.
I'll watch for signs of exhaustion and rejection near that resistance zone and be prepared to reduce exposure or initiate short/hedge positions; the main risk is a sustained breakout above the range.
Analysis
Recommendation
Sell on strength into the $4,800–$5,200 zone or hedge longs; set stops above a confirmed breakout and size positions to limit downside if the market continues higher.
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.