comment
Ethereum Nears $4,700 — Monitor for Breakout
I'm noting ETH is almost at $4,700.
This level sits near a key resistance and could indicate continuation if broken or a pullback if rejected.
I'll watch price action and volume for confirmation before changing position size.
Source available for registered users Sign Up Free
Analysis
Approaching $4,700 shows bullish momentum but encounters meaningful resistance — a confirmed breakout with rising volume would favor further gains, while a failure likely brings a retracement to nearb...
Recommendation
I'm not initiating large trades yet; wait for either a clear breakout above $4,700 or a disciplined pullback entry with defined stop-loss and position sizing.
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.
You might also be interested in:
watch