Ethereum Fake Breakout? Deep Drop After Hitting $4000
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.
Even I was trapped by this fake breakout.
📉 Next support levels:
$2500
$1500
What’s your outlook?