Ethereum Holds $4,500 Support; Institutional Flows Point to $7,500
I see Ethereum trading at $4,557 after a 3.9% pullback from the $4,788 high, with the $4,500 area holding as near-term support.
Although momentum indicators look overbought, institutional optimism keeps long-term targets elevated near $7,500, suggesting the current dip may be a corrective buying opportunity.
Analysis
Recommendation
I would consider buying on weakness around the $4,500 area or using a scaled entry on dips, while placing risk limits below the support and watching for signs of a deeper correction.
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.