Ethereum Up 21.5% This Week — Momentum Favors Buyers
I see Ethereum trading at $4,739.35 (192,681 TRY), up 2.25% today and roughly 21.5% over the past week. The intraday range sits between 187,999 TRY and 194,788 TRY with a volume of 24,476,288.94 TRY, showing healthy participation on the move.
Momentum is clearly positive this week, suggesting continued buyer interest, but the rapid weekly gain raises the chance of short-term consolidation or a pullback. I remain attentive to volume and price action around the recent low as a gauge of support.
My stance is constructive: I favor initiating positions on dips and managing size to account for volatility rather than chasing immediate strength.
Analysis
Recommendation
Positive bias: consider buying into weakness or scaling in on confirmed dips while controlling position size and using a stop if support breaks.
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.