ETH Approaching Major Resistance — Watch for Range High DeviatioETHUSDT Perpetual ContractBYBIT:ETHUSDT.PGoldfinch_song ETH has rallied strongly and is now testing the range highs around $4,100. The most likely scenario is a direct tap or wick above the range highs — this is a classic spot where the majority expects continuation, but also where deviations (fakeouts) frequently occur. If price closes above and holds, it could trigger further upside. However, the risk/reward (RR) for fresh longs here is not attractive after such an extended move. A deviation above range high (quick push above, then close back inside) is possible and would be a bearish signal in the short term. After this wave, any deep dips in ETH will likely be a high-conviction buy, given the strong bullish momentum. ETH is showing extremely bullish momentum as it approaches a major weekly resistance at the range high. The obvious play here is a sweep or break of this level, but with the move being so extended, a deviation or fakeout becomes increasingly likely. While momentum is still up, waiting for a dip or failed breakout (deviation) is a better risk/reward play than chasing longs here. Any meaningful pullback will likely present an excellent buying opportunity given the macro strength.