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ETH Tests $4,500 — Watch for Breakout or Pullback

I see Ethereum testing the $4,500 level, currently at $4,498.51 with a 24-hour gain of 2.02%. This is a modest bullish move that shows short-term momentum.

That advance is meaningful but not decisive — I want to see higher volume or a clean break above the next resistance before increasing exposure. A pullback toward $4,300–$4,400 would provide a better risk/reward entry.

I’ll avoid chasing here; instead I’ll watch price and on-chain activity and consider scaling in on weakness or after confirmed upside continuation.

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Analysis

Short-term momentum is positive but lacks clear confirmation: volume and on-chain signals will determine if this is a sustainable breakout or a temporary spike. Key support sits around $4,300–$4,400 a...

Recommendation

I will watch for confirmation. Prefer buying on weakness around $4,300–$4,400 or after a breakout above $4,600 with volume; avoid chasing and keep stops tight.

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.

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