Farcaster

🚨 Ethereum Market Overheats: Short‑Term Correction Incoming? 🚨

“Ethereum’s approach to the critical $2.5K resistance level has led to overheating, characterised by a significant surge in trading volume… primarily driven by profit-taking.”

🔍 Key points:
	•	ETH is bumping up against $2,500, a level it’s struggled to clear.
	•	Volume spikes suggest traders are locking in gains, not fresh accumulation.
	•	Overbought signals on RSI and MACD hint at a near‑term pullback.

⚡️ What to watch for:
	1.	Support test around $2,350–$2,400 — a successful hold could set the stage for the next leg up.
	2.	Breakout above $2,500 with sustained volume — confirmation of renewed bullish momentum.

🎯 Stay nimble: a brief consolidation could be the fuel Ethereum needs for a major breakout.