🔥 SHOCK ALERT: $WBETH Just Flashed a 7-Day Crash Signal! 🔥
The chart is screaming danger! From its recent local high around $5,141 down to the current $4,299, $WBETH has shed over 16% in a week, breaking key support and confirming the overall market weakness. This isn't just an Ethereum dip; this is a massive shakeout in the Liquid Staking Derivatives (LSD) space.
The Narrative Flip: Everyone hyped up $WBETH because it accumulates staking yield, but right now, the base ETH price volatility is erasing months of passive rewards. The price action shown here (down 10.51% in 7 days!) suggests massive liquidation or heavy profit-taking from big players who were using it for DeFi leverage.
The Key Level: Watch the $4,100 area. It’s a major psychological and technical support. If breaks below that, we could see a complete capitulation, potentially re-testing the $3,800 zone. Do not be emotionally attached to your LSTs right now! Risk management is paramount.
👀 Question: Are you still using your as collateral, or have you de-leveraged and moved to cash? Share your strategy!
