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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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.