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ETH

Ethereum Nears $4,700 Resistance — Watch for Confirmation

I see that Ethereum has almost returned to $4,700.

This looks like a short-term recovery toward a prior resistance level; I'll be watching volume and momentum to judge whether this rally can continue.

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Analysis

Price approaching the $4,700 area suggests testing of a key resistance; a strong breakout on higher volume would be bullish, while a rejection could lead to a retest of nearby support. Check momentum ...

Recommendation

I recommend watching for a confirmed breakout before increasing exposure; consider small buys on weaker retracements with defined stop-losses until trend confirmation.

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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