buy on weakness
Ethereum Surges Past $4,700 — Buy on Pullbacks
I see Ethereum rallying past $4,700 as clear bullish momentum and renewed buyer interest. The breakout signals strong demand, but the move looks extended on short-term indicators.
I expect volatility and possible pullbacks as traders take profits; I’m watching support near prior resistance and psychological levels for better entry points. I’ll manage size and risk rather than chase at current prices.
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Analysis
The surge above $4,700 likely reflects renewed demand and short-covering after a resistance break, but short-term indicators suggest overbought conditions. Key near-term levels: support around $4,400–...
Recommendation
Recommendation: buy on weakness — wait for a pullback toward identified support or a consolidation pattern before adding exposure, size positions modestly, and use sensible stops given higher short-te...
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.