Ethereum: Buy on weakness after healthy weekly gain
I see Ethereum trading at $4,540.35 (≈185,265 TRY) after a short-term pullback of about 3.9%, while the weekly change is strongly positive at +14.9%. The recent range was 181,618–194,788 TRY with volume near 29.3M TRY.
I view the intraday decline as a normal correction inside a bullish weekly trend rather than a trend reversal. Volume remains healthy, indicating ongoing interest rather than capitulation.
I would look to accumulate on weakness near the weekly low or after clear support confirmation instead of buying aggressively at current levels.
Analysis
Short-term pullback from recent highs looks corrective amid a strong weekly uptrend; trading volume confirms market participation rather than panic selling.
Recommendation
Buy on weakness: scale into positions near the 181,618 TRY support or after a confirmed bounce, keep risk limits and stop-loss below the weekly low.
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.