📉 Ethereum Pullback Amid Macro Pressure — Is a New ATH Still Possible? 💭

$ETH is at $4,632.79, down 2.23% in 24h but +18.65% over the past week. After a sharp rally, some profit-taking is natural — especially with $800M in crypto liquidations in the last 24h, including $50M in ETH longs. 😬

Adding fuel: Turkish exchange BtcTurk halted withdrawals after a $48M security breach, including suspicious ETH movements.

🔑 Analyst Insight:

A push above $4,872 could liquidate $2B+ in shorts on major exchanges like Binance, OKX & Bybit. That could trigger a short squeeze and push Ethereum above its previous ATH. Historically, setups like this have ignited rapid upside moves 🚀

📊 Technical Snapshot:

- Support: $4,500 (psychological) → $4,144 (38.2% Fib)

- Resistance: $4,878–$4,891 → breakout could target $5,067

TL;DR: ETH is at a make-or-break zone — either a short squeeze pushes it to new highs, or deeper retracement exposes lower support levels. Eyes on $4,872! 👀