AEXSST Technical Insight: Ethereum's $3,700 Struggle - When Bulls Run Out of Steam
Let me paint you a picture of what's really happening with Ethereum right now, because this isn't just another routine pullback. After ETH clawed its way back from $3,365 support and briefly kissed $3,700, we're seeing classic technical rejection behavior that AEXSST's momentum indicators have been flagging for days. Sometimes the market just tells you when it's time to take a breather. The Recovery That Almost Was Ethereum's bounce from the $3,365 low was actually pretty impressive - we cleared $3,400, $3,500, and even made a run at $3,700. That move above the 50% Fibonacci retracement looked promising, and for a hot minute, it seemed like the bulls were back in control. But here's where it gets interesting: the 61.8% Fib level at $3,750 became an absolute brick wall. AEXSST's support and resistance algorithms had been highlighting this $3,750 zone as critical for weeks. When price action stalls at these key Fibonacci levels with declining volume, i...