ETH is facing huge resistance

ETH recently did a false breakout after which it pulled back down to create a lower low.
Even though on the daily it may look bullish, on the weekly it has MACD divergence and on the monthly it is way too overextended.

Good shorting opportunity on retest of previous resistance down to 0.618 fib.

I expect ETHUSD to break the trendline and after retest to go lower, but time will show.