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Baisse (björn)$ETH /USDT – Watching $4,000 as the Key Line
Ethereum has pulled back from the $4,788 high, now trading near $4,545 after a sharp drop. The chart still shows a strong higher-timeframe uptrend, but short-term sellers have stepped in.
The $4,000 zone remains a critical support. As long as ETH stays above this level, buyers still have control, and dips could offer good long entries for those looking to buy lower. A bounce from $4,000 could push price back toward $4,600–$4,700. If $4,000 fails, however, we may see a deeper retracement toward $3,880–$3,650.
Ethereum has pulled back from the $4,788 high, now trading near $4,545 after a sharp drop. The chart still shows a strong higher-timeframe uptrend, but short-term sellers have stepped in.
The $4,000 zone remains a critical support. As long as ETH stays above this level, buyers still have control, and dips could offer good long entries for those looking to buy lower. A bounce from $4,000 could push price back toward $4,600–$4,700. If $4,000 fails, however, we may see a deeper retracement toward $3,880–$3,650.
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