⚡️Ether adjusted after Bitcoin reached ATH
After $BTC hit a historical peak, $ETH was unable to surpass the $4,800 region, dropping 3% below $4,500. The bearish divergence on the 4-hour timeframe indicates weakening buying power, although futures contracts and leverage remain strong.
If ETH maintains the $4,400 area, there is a high chance of a rebound continuing the upward trend; conversely, it could correct deeper to $4,250 –$4,100 — where strong demand zones are concentrated.
On-chain data shows that ETH reserves on exchanges have decreased by more than 25% since 2022, signaling an increasingly scarce supply. The “liquidity delay” is gradually narrowing – ETH may just be building up strength before a new surge.
💡 This article shares information, not investment advice — unless you enjoy the thrill every time you see a red chart! 😂