buy on weakness

Ethereum Climbs to $4,600 — Nearing Historical Supply Zone with Resistance at $4,650–$4,900

I believe Ethereum (ETH) has pushed up to $4,600, fueled by bullish momentum tied to rising on‑chain holdings and accumulation. I see this price action as a sign of growing demand for ETH, reinforcing short‑term upside potential.

I'm mindful that the market is closing in on a historical supply zone, and I expect significant resistance in the $4,650–$4,900 range. Given that, I emphasize disciplined risk management when trading ETH, including position sizing and stop placement to protect against a rejection near these levels.

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AI Analysis

The upward move to $4,600 appears driven by increased ETH holdings, which often signal accumulation and stronger demand. When large or sustained buying occurs on‑chain, it can create bullish momentum ...

AI Recommendation

Given the bullish momentum but clear proximity to a historical supply zone, I recommend a cautious approach that favors buying on weakness rather than chasing the breakout. Look for disciplined entrie...

Disclaimer

The AI 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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