Ethereum Likely Peaked Near $6,900 — Time to Secure Profits
I think ETH has likely put in a top around $6,900.
Price action near that level looks like a distribution phase, so I'm expecting a corrective pullback or extended consolidation rather than an immediate continuation higher.
I would be locking in some profits now and waiting for a clearer buying setup or a decisive break above last highs before adding exposure.
Analysis
Recent price action around $6,900 shows signs of distribution rather than broad-based breakout strength, so downside risk and volatility should rise in the near term.
Recommendation
Reduce exposure or take profits now and wait for a confirmed re-accumulation or a clear breakout above prior highs before buying back in aggressively.
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.