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ETH

Ethereum at £4,500 — cautious watch for consolidation

I see Ethereum trading at £4,500 right now.

At this level I'm cautious — it looks extended versus recent ranges and I'd expect consolidation or a pullback before a confident new entry.

If I'm already long I would tighten risk controls; if I'm looking to enter I'd prefer to watch for support or buy on weakness rather than chase.

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Analysis

£4,500 suggests the market is elevated relative to prior ranges; without clear breakout catalysts I expect sideways action or a retracement. Confirming signals (volume, support tests, momentum indicat...

Recommendation

Comment: I recommend watching price action. Consider buying on weakness or a partial buy if support holds, tighten stops if long, and avoid chasing strength without confirmation.

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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