BlackRock has sold ETH again — two weeks in a row now. That definitely makes the short-term picture look bearish, since when a giant like BlackRock exits, everyone pays attention.
But here’s the twist: every time ETH has seen dips like this in the past, strong rebounds usually followed. So this could just be another shakeout of weak hands.
📊 ETH is currently trading around $4,001 (Perp). Key levels I’m watching:
$4,200–4,250 → strong support that just broke
$3,800–4,000 → now looks like the critical zone
$3,400 → 200-day MA, the big long-term trend test
In my view, short-term we could see more downside, maybe toward $3,800. But if ETH reclaims $4,250–$4,300 with solid volume, that could trigger a new rally. KO
🌏
For now, I’m just observing. I’ll only take entries once I see a clear reversal. Tight stops are a must with this much volatility.
