Ethereum: short-term dip in an otherwise bullish week — buy on weakness
I see Ethereum (ETH) pulling back about 3.9% in USD and 3.6% in TRY after a strong weekly rise of roughly 14.9%. The move looks like a short-term dip inside an ongoing bullish weekly trend.
Key technical levels: near-term resistance around 194,788 TL and initial support near 181,618 TL. Volume is moderate (~29.15M TL), so this pullback lacks extreme selling pressure.
I would treat this as a buying opportunity on weakness—prefer entries closer to the support zone with a clear stop below the recent low, and scale in rather than deploying full size immediately.
Analysis
Recommendation
Buy on weakness: scale into ETH on dips toward the 181,618 TL support, keep stops below the recent low, and take profits or reassess if price fails to hold support or falls below the weekly trend.
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.