Ethereum Up 21% This Week — Watch for Pullback
I see Ethereum trading at $4,734.19 (192,740 TL), up about 21.5% on the week and sitting near the weekly high. Momentum is clearly bullish right now.
That said, the run looks extended and a pullback or consolidation would be healthy before adding size. I'll watch volume and daily closes for confirmation before increasing exposure.
Analysis
Recommendation
Prefer to buy on weakness or wait for a clear breakout with sustained volume. Avoid initiating large new positions at the current short-term high unless you accept higher volatility risk.
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.