Ethereum Holds $4,500 Support — Buy on Weakness
I see Ethereum holding the $4,500 support after a pullback from the $4,788 high, trading around $4,557. The recent 3.9% daily decline and overbought readings point to near-term consolidation or modest further downside.
I remain constructive on the longer-term outlook as institutional optimism lifts targets toward $7,500, but I would avoid chasing strength and prefer to scale in on weakness near key support levels.
Analysis
Recommendation
Buy on weakness: wait for confirmation at or near $4,500 or a clear reversal before adding exposure. Use disciplined sizing and a stop below support to manage risk.
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.