$ETH 🔥 Market Pulse: Fear or Opportunity? 🔥
The ETH/USDT pair is navigating turbulent waters, currently trading around $3,006.50** after a sharp pullback from its all-time high of **$4,956.78 . The market sentiment is decidedly bearish, with the overall technical analysis summary pointing to a Strong Sell .
This decline is part of a broader market correction. In the last week alone, ETH has seen a decrease of approximately -12.58%, extending its monthly loss to over -18.24% . Despite the negative short-term momentum, some analysts suggest this might not be a cycle peak, but a "relatively shallow correction" in a fundamentally stronger market structure .
💬 Your Take:
With heavy selling pressure and the price testing key levels, where do you stand?
Is this the calm before a rebound, or is there more downside ahead? Share your analysis and key levels to watch with the community below! 👇
