$ETH

ETH
ETHUSDT
2,304.78
-3.73%

#Price: $4,472.76 (−2.09%)

Ethereum just got rejected at its all-time high of $4,783, and the charts are flashing warning signs of a potential pullback. Here’s the breakdown 👇

🔑 Key Levels

Resistance: $4,783 (ATH)

Support: $3,700 – $3,800

📊 Technical Breakdown

1. ATH Rejection → ETH couldn’t sustain above $4,783, hinting at a possible sharp correction.

2. Overheated Indicators → RSI(6) at 88.47, RSI(8) at 85.07, and Stochastic K at 91.26 = overbought zone.

3. Weakening Momentum → MACD histogram is fading, and pump volume looks weak → bearish divergence.

4. Sentiment Risk → Sky-high funding rates + extreme bullishness could trigger a long squeeze.

💡 Trade Setup (Short Bias)

Entry: $4,470 – $4,500

Take Profit: $3,700 – $3,800

Stop Loss: $4,800 (above ATH)

🎯 This play offers a potential 1:6 risk/reward ratio, but remember—long-term ETH is still bullish. Risk management is key.

đŸ€” What’s your call: Will ETH drop to $3,700 support or bounce back fast? 🚀

#NewHighOfProfitableBTCWallets

#BinanceSquareTalks