Ethereum: Weekly Momentum Intact — Accumulate on Dips
I see a modest intraday pullback in Ethereum after a strong week: the price is about $4,650 (189,907 TL) down roughly 2% today but still up ~16.2% over the last seven days.
Daily range in TRY is roughly 181,618–194,000 TL with current volume showing continued participation. The weekly momentum is intact, but the recent dip tests nearer-term support.
I would look to accumulate on weakness near the recent low while watching volume and price action for confirmation; a sustained break below the weekly low would soften my view.
Analysis
Recommendation
Buy on weakness: consider accumulating on dips toward the recent low, keep position sizing disciplined, and monitor volume and the 181,618 TL support for signs of deterioration.
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.