buy on weakness

Ethereum up 6.6% weekly — buy on weakness or wait for breakout

I see Ethereum trading at $4,531.21 (up 2.69%) — 186,112.00 TL, with a weekly gain of 6.62%. The intraday range is 180,563–187,747 TL and volume is about 48.38 million TL.

Momentum is positive and price sits near the weekly high, so I view the market as short-term bullish but exposed to resistance. I prefer to avoid buying at the current peak and wait for a clearer entry signal.

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Analysis

Short-term momentum favors bulls, but ETH is near resistance (187,747 TL) and the risk-reward is improved on a retracement; watch volume for a breakout or a retest of support around 180,500–182,000 TL...

Recommendation

I recommend a buy-on-weakness approach: wait for a pullback into the support zone or a decisive breakout above the recent high before increasing exposure.

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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