Current Price Action: Is ETH in an uptrend, downtrend, or consolidating?
Bitcoin Movement: ETH often follows Bitcoin’s trend.
Technical Analysis: Look at support/resistance levels, RSI (overbought/oversold), moving averages, etc.
2.
News & Events
Are there upcoming events like Ethereum upgrades, ETF approvals, or regulatory developments?
Recent or upcoming bullish/bearish news can heavily impact short-term price.
3.
Macroeconomic Conditions
Fed interest rate decisions, inflation data, and global market sentiment affect crypto.
4.
Your Investment Goals
Short-term trader or long-term investor?
Risk tolerance: Crypto is volatile; ETH can swing 10%+ in days.
5.
Current ETH Price vs ATH
Compare ETH’s current price to its all-time high (around $4,800 in 2021).
Buying during a dip often yields better long-term returns.
