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Ethereum Fake Breakout? Deep Drop After Hitting $4000

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After breaking above $4000, Ethereum boosted confidence among many holders — and a large number of traders entered right at that level.
But Bitcoin’s sharp drop triggered massive stop-loss hits across the market, revealing that the breakout was fake and most likely a stop-hunting move.
That’s why we saw such a deep correction.

I personally exited around $3800 with a small loss, and I shared the signal in the link below.

RSI Never Lies


Even I was trapped by this fake breakout.

📉 Next support levels:

$2500

$1500

What’s your outlook?
トレード終了: 利益確定目標に到達
On Ethereum, I still believe $1,500 is a significant buying level for long-term holders. With the possible policies of the new US Federal Reserve Chairman, it could go even lower.

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