Ethereum (ETH) may face short-term correction pressure following its recent rally, according to CryptoQuant analyst Crypto Dan. In a note published Monday, he warned that ETH has surged rapidly in recent days, increasing the likelihood of a temporary price pullback.
“Ethereum has risen sharply recently, so the risk of a short-term correction still exists,” Dan noted. However, he also emphasized that from a broader time-frame, the current upside remains relatively modest. “If you look at it from a slightly larger time frame, the current increase is still too small.”
The comments come as ETH trades above $3,750, its highest level since January, with inflows into Ethereum ETFs hitting record highs and the broader altcoin market entering what many are calling an “altseason.” Ethereum’s technical strength has fueled optimism that it could soon reclaim the $4,000 level, but analysts warn that profit-taking and volatility could disrupt the trend in the short term.
Despite the caution, long-term fundamentals—ranging from ETF inflows to upcoming protocol upgrades like Fusaka and Glamsterdam—continue to support the bullish thesis for Ethereum.
