$WBETH – Bulls Defending Key Support! Can They Push Higher? 🔥
WBETH has reclaimed the $2,923 support zone, signaling a potential shift in momentum. The 4H EMA structure remains bullish, and volume is picking up, but the 1H and 15M charts show local exhaustion. Bulls need to hold $2,923-$2,950 to maintain upside momentum. MACD and RSI confirm a short-term bullish bias, but overbought conditions across multiple timeframes suggest caution.
📊 Technical Breakdown
🔹 1D Chart: Testing mid-Bollinger Band at $2,970; closing above this level strengthens bullish outlook. RSI neutral (50), MACD flipping positive.
🔹 4H Chart: Bullish EMA structure, but price hesitating below $3,004 resistance. Stoch RSI overbought.
🔹 1H & 15M Charts:
• $2,923 support holding – Critical zone for bulls.
• MACD weakening – Possible consolidation ahead.
• Order book shows buyer interest between $2,923-$2,950.
🔑 Key Insights
✅ $2,923 Holding – Bulls need to maintain this level.
✅ Increasing Volume – Demand picking up near support.
⚠️ Overbought on LTFs – Pullbacks possible before continuation.
📉 Market Insight
Bulls must break $3,004 for further upside. If rejected, $2,867-$2,809 could be tested.
📊 On-Chain & Market Sentiment
📊 BTC.D Flat – No major shifts in altcoin dominance.
💰 USDT.D Neutral – Market indecisive.
📉 TOTAL3 Consolidating – Altcoin momentum still weak.
📈 What’s Next?
🔻 Bearish Case: Losing $2,923 could lead to $2,867 retest.
📈 Bullish Case: Breakout above $3,004 opens the door to $3,170.
💡 Watch for:
• Volume Surge – Needed for a breakout.
• Stoch RSI Reset – A cooldown could fuel the next move.
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