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