$WBETH /USDT – Rejected at $2K, cooling off for now
Strong rally earlier touched $1999.77 — just shy of the psychological $2000 level — before pulling back into consolidation.
Breakdown:
Range: $1896.75 – $1999.77
Current: $1973 — sitting mid-range after a rejection off the top.
Structure:
Sharp move up, followed by lower highs and a squeeze near $1970. Local support holding, but no strong follow-through from bulls yet.
Volume:
Spike on the breakout push, now tapering off — suggesting profit-taking or indecision.
Outlook:
Still in uptrend territory on LTF, but momentum fading. Needs a clean break above $1985–$1990 to retest $2K. Lose $1970 cleanly, and we could see a fade back to $1950–$1935.