The end of romance? ETH's love for $5,000 is cooling off. 💔

Here's the deal: after a nice rise, Ethereum (ETH) is hitting a wall. Although it rose 3.5% in one day, experts are raising their eyebrows. Analyst Markus Thielen says ETH's momentum is losing strength. It's like the rocket is running out of fuel just before reaching the moon. 🚀

The key? The 21-day moving average. That magic number, which is now around $4,355. It used to be a bulletproof level where the big players and institutions would rush in to buy like there was no tomorrow. But now, that “buy the dip” energy is cooling off, and there's a vibe that sellers might take control. If that happens, the price could fall below that crucial level.

And to top it off, the derivatives market, where people leverage their positions, had a brutal collapse. A 14% drop in a single day on Binance 😱. This isn’t people selling for fun, it’s a “forced liquidation,” meaning those betting on the rise had to let go of their coins against their will. It’s like getting kicked out of the club without warning. 🚪

What does all this mean? The leverage party is over, and the feeling that “everything is going to go up” is deflating quickly. Right now, ETH is on a tightrope, between $4,600 and $4,450. If sellers get aggressive, we could see the price hovering around $4,000. Watch out for that! 🕵️

Of course, not everything is pessimism. There are those who still dream of ETH hitting $10,000 by the end of the year. But before that epic rise, they say a drop could be the golden opportunity to jump back in.

In short, the coin is up in the air. ETH is at a crossroads and what happens in the next few days will define the direction. Will it be a dip to gain momentum or the start of a more serious fall?$ETH