🚨 *Ethereum Nears4,400 Resistance — Binance Inflows Signal Short-Term Caution*
Ethereum (ETH) is edging closer to the *key resistance level of 4,400*, a zone that has historically triggered selling pressure. While bullish momentum remains strong, *recent spikes in ETH inflows to Binance* suggest that traders may be preparing to take profits — creating potential short-term volatility.
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📊 *Key Insights:*
🔹 *Price Positioning:*
ETH is trading near4,400, a level that acted as a ceiling in previous rallies.
🔹 *Exchange Activity:*
On-chain data shows a *notable increase in ETH deposits to Binance*, often a precursor to *market sell-offs*.
🔹 *Market Sentiment:*
The broader sentiment is still positive, but traders are showing *signs of caution* due to heavy inflow signals.
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📈 *Technical Levels to Watch:*
- *Resistance:* 4,400–4,480
- *Support:* 4,180 and4,000
- *RSI Indicator:* Nearing overbought zone, hinting at a possible pullback
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📌 *What It Means for Traders:*
✅ If ETH *breaks above 4,400* with strong volume, the next target could be4,600
[১৩/৮ ১০:৫৩ AM] ChatGPT: ⚠️ If it *fails to break resistance*, a correction to $4,200 or below is likely
📉 Rising Binance inflows = potential *sell-side pressure*
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🧠 *Final Note:*
Ethereum’s long-term outlook remains strong, but short-term traders should proceed with caution. *Monitor exchange activity, set stop-losses, and watch resistance levels closely.*
