Wrapped Beacon ETH: WBETH is trading around $2,190 and maintains a staking premium over ETH. Support is near $2,100, with resistance around $2,300.

$ETH has faced a strong rejection from the $2,050–$2,080 supply zone and is now trading below key intraday support. The loss of this level shifts short-term momentum bearish. If price fails to reclaim the current range, a deeper pullback toward the $1,850 demand zone becomes

【$BAS Signal】All Positions Closed + Short Squeeze Risk Warning $BAS After continuous upward movement, RSI has entered the overbought zone (71.12), but the market structure indicates a typical short squeeze scenario. Do not attempt to top-tick short positions. 🎯 Direction: All Positions Closed (NoPosition) Market Analysis: 4-hour candles show consecutive bullish candles, but the latest candlestick has an upper shadow, indicating selling pressure around 0.00425. The key issues are: 1) Funding rate is only 0.0231%, not reaching the extreme greed threshold for shorts (>0.05%). 2) Open interest (OI) remains stable, with no signs of major players closing longs. 3) Bid depth exceeds Ask depth, ratio 1.23, indicating support below. Logical Core: The current rise is driven by short covering, not by major players pushing prices higher. None of the three short-selling conditions (high funding rate + declining OI + bearish divergence at the top) are met. RSI overbought in a short squeeze scenario is ineffective; blindly shorting is like walking into a trap. Strategy: Price has moved far from the EMA20 support (0.0037), making chasing high very risky. Ideal long entry points are after a healthy retracement to the previous breakout zone of 0.00397-0.0040 (former resistance turned support), accompanied by decreasing volume and RSI retracement to around 50. Currently, no high-probability trading opportunities are present. Trade 👇 $BAS --- Follow me: Get more real-time analysis and insights on the crypto market!