RSI has reset and reignited bullish momentum after consolidating in the $3,200–$3,500 range, suggesting renewed upside fuel!
Short squeeze is in full swing: The Kobeissi Letter highlights a whopping ~$1 billion in short positions ready to be liquidated if ETH pushes another 10%, propelling it toward $4,000.
Whale & institutional inflows: Surging wallet accumulation, spot ETF inflows (e.g. $727 M in one day!), and sharp institutional buys like SharpLink’s ~80K ETH top-up, signal strong underlying demand.
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🔍 Key Chart Levels & Trade Setup
Level Significance
Support: $3,650–3,720 Trendline + 100‑hour MA; holding here confirms bounce
Resistance zones $3,860–3,920 first; break above opens the path to $3,950–4,000
Major breakout target Clearing $4,000 may lead to further gains—possibly $4,200+
📌 Bullish Scenario: ETH stays above $3,720, breaks past $3,920–3,950, then surges toward $4,000 and above.
⚠️ Bearish Trigger: Breach of $3,650–3,700 could spark a pullback to $3,500–3,600 or lower.
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🎯 Recommended Square‑Style Trade Plan
**✅ Entry**: Near major support — $3,700–3,720
**🛑 Stop‑Loss**: Below trendline, around $3,650 (risk control)
🎯 Take‑Profits:
TP1: $3,950–4,000 – first breakout zone
TP2: $4,100–4,200 – if momentum continues
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🧠 Why This Setup Fits Binance Square
Clean RSI reset + momentum pick-up = textbook setup
Short squeeze adds extra fuel potential
Balanced approach with clear support, resistance, and risk controls
Backed by both technicals and on‑chain/flow data
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⚠️ Risk & Cautious Notes
Analysts warn about overheat—momentum too hot could spark a reset or consolidation before continuing
A dip below trendline support invalidates the bullish thesis—smart to trim or stop if that happens
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💬 Join the Square Family Chat!
Will you buy dips near $3,700 or wait for a decisive breakout?
Do you trust the short squeeze mechanics, or are you bracing for a correction soon?
What risk management strategies are you using? Share your charts, setups, and insights below! Let’s learn, grow, and ride together! 🌐💬
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📌 Final Take
Ethereum’s RSI momentum reset, bullish trendline support, massive short squeeze, and institutional inflows create a compelling case for a push toward $4,000. A structured Square‑style trade with clear entries ($3,700–3,720), stops ($3,650), and targets ($3,950–4,200) aligns with our balanced, community‑centric approach. Stay disciplined, stay friendly—and let’s aim high together! 🚀✨