buy on weakness
Ethereum Holds $4,500 Support — Buying Opportunity on Weakness Toward $7,500
I see Ethereum holding the $4,500 support level after a pullback from the $4,788 high, trading near $4,557 following a 3.88% daily decline.
Technical indicators show overbought conditions, but institutional optimism keeps long-term targets around $7,500, which supports a constructive outlook.
I view the current dip as a potential buying opportunity on weakness while respecting the $4,500 support and managing downside risk.
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Analysis
ETH’s small retracement from recent highs and overbought indicators indicate short-term consolidation, but the $4,500 support has proven resilient. Institutional inflows and bullish long-term targets ...
Recommendation
Prefer a buy-on-weakness approach: consider accumulating near the $4,500 support with disciplined risk management and stops below the level; avoid chasing at the intraday highs given overbought signal...
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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