🚨 #ETHBreaks3700 – Ethereum Hits a New High!

📌 Snapshot of Today:

ETH surpassed the key $3,700 resistance and is now trading around $3,727 .

The daily chart shows a clean breakout—Heikin Ashi candles without upper shadows—indicating momentum is intact .

RSI sits above 85, signaling overbought conditions—but in strong bull markets this can persist .

🔧 Technical Outlook:

Fibonacci levels show $3,500–3,600 now acting as support, with $3,950–4,000 as next major resistance zone .

Analysts see upside toward $5,200+, based on measured moves from recent price swings—and institutional drivers from ETH ETFs and on-chain purchases .

📈 Market Flow & Sentiment:

Whales and institutions are accumulating, supported by inflows to ETH ETF products like BlackRock—yet overbought warnings suggest a potential short-term pullback .

Rising short positions on futures markets raise the potential for a short squeeze, further fueling upward momentum .

🧭 Strategy Watchlist:

Level Action

Entry On retest of $3,700–$3,720

Support Monitor $3,600–$3,650 zone

Target Zones $3,950 → $4,200 → $4,600–$5,200+

Risk Overbought RSI & possible pullback

💬 Conversation Starters:

Are you buying now or waiting for a dip/retest?

What’s your target—$4K, $5K, or beyond?

Do you expect altcoins to follow if ETH charges ahead?

Drop your setups and takeaways!👇

#ETHBreaks3700 #ETHMomentum #BinanceTrading