đ Ethereum Pullback Amid Macro Pressure â Is a New ATH Still Possible? đ
$ETH is at $4,632.79, down 2.23% in 24h but +18.65% over the past week. After a sharp rally, some profit-taking is natural â especially with $800M in crypto liquidations in the last 24h, including $50M in ETH longs. đŹ
Adding fuel: Turkish exchange BtcTurk halted withdrawals after a $48M security breach, including suspicious ETH movements.
đ Analyst Insight:
A push above $4,872 could liquidate $2B+ in shorts on major exchanges like Binance, OKX & Bybit. That could trigger a short squeeze and push Ethereum above its previous ATH. Historically, setups like this have ignited rapid upside moves đ
đ Technical Snapshot:
- Support: $4,500 (psychological) â $4,144 (38.2% Fib)
- Resistance: $4,878â$4,891 â breakout could target $5,067
TL;DR: ETH is at a make-or-break zone â either a short squeeze pushes it to new highs, or deeper retracement exposes lower support levels. Eyes on $4,872! đ
