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Take short on $ETH š $ETH looks stretched after heavy inflows and overbought signals. RSI is extreme, price sits above the upper band, and ETF outflows add pressure. My call is clear. I am going short with a target at $3000. This is not financial advice. You trade at your own risk.
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$ETH Insights ETH shows strong bullish drivers, but the short term setup signals exhaustion. Here is a clear post you can use. TLDR ⢠Strong institutional interest ⢠Major network upgrade ⢠Technicals show overbought levels ⢠Short term pullback risk is high Highlights ⢠BlackRock filed for a staked ETH ETF, and the CFTC approved $ETH for collateral use. This pushed institutional confidence higher. ⢠The Fusaka upgrade added PeerDAS, improving scalability for Layer 2 rollups and raising long term value potential. ⢠BitMine Immersion Technologies added 138,452 ETH last week, showing strong conviction. ⢠RSI readings are extremely high, and price trades above the upper Bollinger Band. ⢠Exchanges saw 162,084 ETH inflows on December 5, which can increase selling pressure. ⢠ETH focused ETFs saw 1.4 billion dollars in outflows in November and more in December, showing mixed institutional behavior. ⢠Community mood stays cautiously optimistic. Short Setup ⢠Entry: Market range ⢠Target: $3000 ⢠Stop loss: $3400 ⢠Idea: Price looks stretched, and inflows plus outflows increase pullback risk. ā ļø:Disclaimer This is not financial advice. Markets involve risk. You decide your own trades and manage your own exposure.
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