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ETH

Ethereum Pullback: Watch Support Near $4,513

I'm watching Ethereum after a pullback to $4,585 (-3.6% intraday, -2.7% 24h) while volume has risen ~10%, which suggests distribution. Bitcoin weakness and a slight drop in dominance reinforce that this move is likely market-driven rather than idiosyncratic to ETH.

Support near the day low ~$4,513 is the key level for me — if it holds, ETH can present a buy-on-weakness opportunity; if it breaks with continued volume, I expect further downside and would avoid initiating new longs.

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Analysis

Rising volume on the decline and concurrent Bitcoin weakness point to broader market selling pressure. The intraday low around $4,513 is a critical support; a clean hold could invite accumulations, wh...

Recommendation

I'm watching closely and not initiating new long positions until price action confirms support near $4,513 or market-wide strength returns. Consider a buy on weakness only if the low holds and volume ...

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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