$ETH
Is ETH 4000 blocked? Is a pullback coming? Is now the opportunity to get in?
🔍
Recently, ETH has shown very strong performance
It is telling the world it is the strongest
Around 4000, there are quite a few people stuck
This is also a potential profit-taking area for many funds
Everyone should remain calm in their operations ⚠️
💡1⃣ Daily level 【ETH shows bearish divergence】
Although the price continues to surge, the momentum indicators are weakening
Generally speaking, this structure is a “fatigue signal” after a rise
💡2⃣ 【BTC's dominance falling】
BTC.D Bitcoin dominance
Continuously weakening, ETH strengthens, but BTC.D shows bullish signs
Once BTC starts to drain
ETH is likely to enter a period of consolidation
💡3⃣ 【ETH open interest skyrocketing】, retail sentiment overheated?
Contract open interest surged in a short time
Indicating that many people are starting to FOMO into long positions
This often means that the market is approaching a short-term top ⚠️
Institutions are more likely not to buy more at this time, but to sell to those in need
📉 In summary:
It’s not that it won’t rise, but it’s time to rest 😴
> Currently, both ETH and BTC are in a daily bearish divergence structure
Combined with BTC's potential rebound in dominance
Indicates that there may be a pullback and consolidation in the coming weeks
For those waiting with me
I tell you that you have never missed out
It’s all emotions
A real trending market will definitely have opportunities to get back in
📌 Trading advice (suitable for medium-term traders)
🚫 Do not chase high prices, especially for contracts
✅ Those with profits can consider gradually taking profits to lock in your gains
If a structural pullback buying point occurs later
Then consider re-entering
For a hunter, the most important thing is to patiently wait for the prey to come into shooting range
