*Ethereum(
$ETH ) Price Hits 4,200 — But Analysts Warn Buyers*
Ethereum (
$ETH ) quickly jumped up to 4,200 but then dropped slightly to4,100. Even though the price is going up, experts say buying now might be risky because it’s already too high.
Crypto analyst Michaël van de Poppe said ETH looks ready for a breakout to a new all-time high, but this isn’t the best time to buy. Instead, he suggests looking at other Ethereum-related investments, like Layer-2 projects or DeFi apps, which could give better short-term profits.
*What the Charts Show:*
- *RSI is 72*, meaning buyers are strong, but ETH could pull back soon.
- *MACD shows a buy signal*, suggesting more upward momentum.
- ETH has broken resistance levels, and traders are watching to see if it stays above key support.
*What’s Next?*
If ETH stays above $4,200 for a full week, it might break its old record from the last bull run. But some traders think it might slow down first before moving higher.
*Summary:*
ETH is looking strong, but buying now could be risky. Watch closely — a big move might still be coming.
💬 *What do you think?*
Is Ethereum ready to break its all-time high, or should we wait for a better entry?
Drop your thoughts below! 👇
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