ETH party is likely over, last one show turn off the lights

ETH just can't break this resistance level. It wicks above but each time got rejected. Yesterday it formed a huge bearish reversal candlestick pattern shooting start, signaling the trend could be over and ETH is due for a correction. The same story as with Bitcoin. ETH need buyers to step in and need them as soon as possible. Talking on Twitter and social media, spamming everything with a different idea why ETH is going to ATH will not move price. Only more aggressive buyers in comparison with sellers will move ETH high. Are there any retail traders who are not in a position yet? Yea maybe 11% of us who is waiting for capitulation and will not buy at this level for sure.

Volume is confirming price action and signaling drop is likely that pump.
Price is above all major MA which is bullish.
RSI has huge negative bearish divergences which are confirming the lack of relative strength.
MACD line tries to move above the signal line but we will see, for now, is more bearish than bullish.

Overall: only close above this area of resistance and continuation moves would save the ETH. But as I said, we need buyers for that. Institutional players need to buy a lot while the rest of the coo should not sell. This option is really less likely because big boys are big because they buy low and sell high and not because they buy high and sell low, sorry but that is a fact. On another side, if panic occurs because of the stock market, or the hot inflation number this week, and a strong dollar, this could be a nasty and strong drop in front of us.