Ethereum: Watch Consolidation, Wait for Confirmed Breakout
I see Ethereum in a consolidation phase: fundamentals remain strong after the Merge and continued DeFi/NFT activity, but price is rangebound and sensitive to macro moves. I'm watching volume and key support/resistance levels for a clear directional signal.
I would not rush into a full position today. I'll look to scale in on confirmed breakouts above resistance or on disciplined dips toward established support, keeping position sizing and stop-loss rules in place.
Analysis
Recommendation
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.