buy on weakness

Ethereum: Short‑Term Momentum, Watch for Pullback

I see Ethereum trading at $4,510.49 (≈185,369 TL) with a near‑2% intraday rise and a weekly gain of 6.4%, showing clear short‑term bullish momentum.

The local high/low range (187,747 TL / 180,744 TL) and on‑chain/fiat volume (≈22.17M TL) suggest healthy participation, but recent gains could invite a pullback or consolidation.

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Analysis

Price action shows bullish momentum with increased volume and a modest weekly advance; however, the recent run increases the chance of a short consolidation or retracement before continuation.

Recommendation

I recommend waiting for a pullback or a dip to enter (buy on weakness) rather than chasing the current move—use layered entries and manage risk with stops below recent local 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.

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