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ETH

Ethereum Likely Peaked Near $6,900 — Expect Pullback

I think Ethereum topped around $6,900. From the price action I’m seeing, momentum looks exhausted and this level likely marked a local peak.

I’ll be cautious now: I plan to reduce directional exposure and wait for clearer signs of support or a meaningful retracement before increasing longs.

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Analysis

Price action suggests a local top at ~$6,900 — momentum appears to be fading and indicators often show divergence around this stage. That increases the probability of a corrective move or sideways con...

Recommendation

Reduce long exposure and avoid initiating new full-size longs now. Consider selling into strength or waiting for a pullback to defined support levels before adding back in.

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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