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Ethereum Holds $4,500 Support; Long-Term Target $7,500

I note Ethereum pulled back from a $4,788 high to trade around $4,557, a roughly 3.9% decline, yet it is still holding the $4,500 support zone.

Technical indicators show overbought conditions, so near-term volatility and further tests of support are possible, but strong institutional interest keeps a longer-term target near $7,500 on the table.

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Analysis

Short-term technicals are stretched and the recent decline highlights the risk of further consolidation or a deeper correction if $4,500 fails; however, sustained institutional inflows and macro inter...

Recommendation

I would refrain from buying at current levels; consider accumulating on confirmed support at or near $4,500 or after signs of renewed momentum, and use tight stops to manage downside 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.

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