buy on weakness

Ethereum: Buy on Weakness After Weekly Gain

I see Ethereum trading at $4,537.59 (185,265 TL) after a short intraday pullback of about 3.8%, but with a healthy weekly gain near 14.9%. The intraday dip tested the recent range low around 181,618 TL while the weekly high sits near 194,788 TL.

Volume is moderate at ~29.3M TL, suggesting continued participation but not extreme conviction yet. Given the strong weekly momentum offset by a small retracement, I view this as a consolidating uptrend rather than a trend reversal.

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Analysis

ETH shows healthy weekly momentum despite a short pullback; the price is consolidating between the 181,618 TL low and 194,788 TL high with moderate volume, indicating further upside is likely if suppo...

Recommendation

Buy on weakness: consider accumulating on pullbacks toward the 181,600–185,000 TL area, keep a tight stop below the weekly low, and look to trim or reassess if price fails to reclaim the recent highs ...

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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