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ETH

Ethereum Weakness — Watch Support Near $4,513

I see Ethereum trading at $4,585, down about 3.6% intraday and roughly 2.7% over 24 hours. Volume is up ~10%, indicating elevated activity and likely distribution pressure.

Bitcoin is also weaker, which increases correlation risk for ETH. I'll be watching price action around the intraday low near $4,513 as the key support level before considering an entry.

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Analysis

Price weakness accompanied by a 10% volume increase suggests selling pressure rather than a quiet pullback. BTC weakness raises systemic risk for ETH; a decisive break below $4,513 would signal furthe...

Recommendation

Watch for confirmation: avoid buying into the current weakness. Consider buying only if ETH stabilizes above the intraday low with declining sell volume, or prepare to buy on weakness after a clear re...

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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