buy on weakness

Ethereum Nears Supply Zone After $4,600 Surge — Resistance Looms at $4,650–$4,900

I believe Ethereum (ETH) has rallied to $4,600 driven by strong HODLing sentiment and renewed bullish momentum. This uptick brings ETH close to a historical supply zone, where selling pressure has appeared previously.

Traders should be cautious around the $4,650–$4,900 area, which I view as a key resistance band that could cap further upside or trigger short-term pullbacks. Risk management is essential when trading this move, as liquidity and profit-taking in the supply zone may increase volatility.

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AI Analysis

The recent ETH advance to $4,600 appears rooted in sustained HODLing behavior and renewed bullish conviction among holders, which has tightened circulating supply and supported upward price pressure. ...

AI Recommendation

Given the bullish move but proximity to a historical supply zone, I recommend prioritizing risk-managed approaches rather than chasing the immediate breakout. Consider scaling entries and focus on buy...

Disclaimer

The AI 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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