Ethereum Pullback to $4,415 — Buy-on-Weakness Toward $7,500 Outlook
I see Ethereum trading at $4,415, down about 4.9% as short-term profit-taking offsets strong institutional momentum — notably $3B of ETF inflows and Standard Chartered's $7,500 year-end projection.
I view this as a transient pullback rather than a trend reversal. Key levels to watch: immediate support near $4,200–$4,000, stronger support around $3,500, and resistance in the $4,800–$5,000 area on the path toward the $7,500 target.
Analysis
Recommendation
I recommend a buy-on-weakness approach: scale in between $4,200–$3,800 with protective stops below $3,500, and reassess if ETF flows slow or price breaks major support.
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.