Ethereum unlikely to reach a new ATH — avoid chasing longs
I believe Ethereum can no longer break its previous all-time high. Recent price action shows weakening momentum and failed breakout attempts.
I will remain cautious and avoid chasing long positions until I see a clear, volume-backed breakout above the ATH or other bullish confirmation.
Analysis
Repeated failure to make higher highs, declining momentum and muted volume suggest demand is weakening; without a decisive breakout I expect consolidation or a pullback rather than a new ATH.
Recommendation
Avoid initiating new long positions and consider trimming exposure or hedging existing holdings until Ethereum convincingly closes above the ATH with strong 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.