Ethereum Pullback: Buy the Dip Ahead of $7,500 Target
I'm watching Ethereum pull back to $4,415 (about -4.9% today) as short-term profit-taking offsets ongoing institutional demand. The backdrop remains constructive: roughly $3B of ETF inflows and Standard Chartered's $7,500 year-end forecast keep the medium-term narrative bullish.
The current dip looks like normal consolidation after a strong run; key near-term support is around $4,200 with a deeper support band near $3,800, while resistance sits near $4,800–$5,200. If momentum resumes, the path toward higher targets should remain intact.
Given the mix of heavy flows and short-term selling, I view this as a buying opportunity on weakness rather than a trend reversal — but I’d size positions with risk controls and monitor volume and on-chain demand closely.
Analysis
Recommendation
Buy on weakness: consider accumulating on pullbacks into the $4,200–$3,800 band with disciplined stops below $3,600 and targets in the $5,000–$7,500 range depending on timeframe.
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.