Ethereum: Weekly Strength, Short-Term Pullback—Buy on Weakness
I see Ethereum trading at $4,545.75, down about 3.75% today but still up roughly 15.1% over the past week. The intraday pullback appears to be a short-term retracement inside a stronger weekly move.
Trading ranges in TRY show a high of 194,788 and a low of 181,618 with solid volume, which signals continued market interest despite the dip. I view this as a corrective leg rather than a trend reversal for now.
Analysis
Daily decline amid a strong weekly advance suggests a short-term correction within an uptrend; TRY price range and decent volume indicate ongoing demand, but volatility and macro risk remain.
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.