$ETH

ETH

1,847.27

-0.77%

$ETH 📉 ETH Likely to Pull Back – My Target: $4,500

Ethereum (ETH) is currently trading around $4,700, but I believe a correction is likely, and we could see it drop toward $4,500 soon.

🔹 Resistance: $4,720 – $4,750

🔹 Support: $4,600 (minor), then $4,500 (major support zone)

🔹 RSI: Showing signs of exhaustion near overbought territory

🔹 Volume: Slowing down – suggests weakening buying pressure

📊 After a strong rally, ETH may need a healthy pullback to build support for the next move. If $4,600 breaks, we could quickly see $4,500 tested.

🛠 My Plan:

⚠️ Watching for rejection near $4,700+

🔻 Target: $4,500

📍 Will reassess if ETH holds above $4,750