Hey #BinanceSquareFam! ๐
$ETH just got rejected at its All-Time High ($4,783), and signs are pointing toward a possible -10% correction. Letโs break it down ๐
๐ Market Snapshot:
Price: $4,473.36
24h Change: -3.04%
Resistance: $4,783 (ATH)
Support: $3,700 โ $3,800
๐ Key Signals:
1. โ ๏ธ ATH Rejection โ Failed to hold new highs โ classic pullback setup.
2. ๐ Overbought โ RSI(6) at 88.47 & Stoch K above 90 ๐ฉ
3. ๐ Bearish Divergence โ Weak volume + fading momentum.
4. ๐ฐ Crowded Longs โ High funding rates = risk of long squeeze.
๐ฏ Trade Setup (Short Idea):
Entry: $4,470 โ $4,500
Target: $3,700 โ $3,800
Stop Loss: $4,800 (above ATH)
โ ๏ธ Note: Short-term bearish only. Long-term $ETH is still bullish ๐.
๐ Do you think ETH dips to $3,700? Or will bulls defend the level?
Drop your thoughts โฌ๏ธ
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