buy on weakness
Ethereum Breaks $4,600 — Buy on Weakness, Don’t Chase
I see Ethereum’s break above $4,600 as a bullish momentum signal, driven by strong on‑chain activity and positive market sentiment. I expect short‑term volatility as traders reassess positions after the rally.
I wouldn’t chase the top; I prefer to add on weakness or on a clean pullback toward logical support levels. I’ll watch volume, RSI, and key supports near $4,200–$4,400 before increasing exposure.
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Analysis
Price action shows bullish momentum with higher highs and elevated volume, but short‑term indicators (e.g., RSI) may be overbought. Key near‑term support lies around $4,200–$4,400; catalysts include o...
Recommendation
I recommend buying on weakness rather than initiating full positions at current levels: scale in on pullbacks toward $4,200–$4,400, use stop losses below that support, and take profits incrementally i...
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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