Ethereum: Weekly Momentum; Buy on Weakness Near Support
I see Ethereum trading at $4,643.58 (≈189,960 TL) after a modest intraday dip of around 2%. The weekly performance is strong, up roughly 16%, showing clear upward momentum despite today’s pullback.
I view the current decline as short-term consolidation rather than a trend reversal: price range today sits between 181,618 TL and 193,600 TL with reasonable volume. The weekly gain suggests buyers remain in control, but volatility can produce sharper retracements.
I would look to add on weakness near recent support levels, manage position size, and keep a stop below the weekly low to control risk.
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.