Ethereum: Bullrun Stalls — Watch Key Support
I see Ethereum’s recent bullrun meeting early signs of selling pressure as traders take profits and volume shows divergence. I’m cautious about assuming the uptrend is intact until we see clearer support confirmations.
I’ll be watching how price reacts to key support zones and whether on-chain metrics and volume confirm continued demand. If support holds, a measured buy-on-weakness approach makes sense; if not, expect a deeper pullback and tighter risk management.
Analysis
Recommendation
I’m watching price action closely and avoiding new aggressive longs until support is confirmed; consider a buy-on-weakness strategy with tight stops if demand reappears at key levels.
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.