Opinion: Ethereum’s recent decline is just a “healthy correction after a 245% surge”

Binance News · 2025-08-20T02:04:05.000Z

According to BlockBeats, on August 20th, crypto analyst @IamCryptoWolf commented on Ethereum's recent pullback, calling it merely a correction after a 245% surge and a breakout above the multi-year resistance level of $4,000. He considered it a healthy correction, potentially a retest of the breakout area. @IamCryptoWolf, who began publishing his analysis on Tradingview in 2014, has 111,000 followers on the X platform.

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AI Summary

Ethereum’s pullback is considered a market correction, setting the stage for future growth, and analysts predict that this pullback will precipitate a new uptrend.

According to BlockBeats, on August 20, crypto analyst @IamCryptoWolf expressed the opinion regarding the recent pullback of Ethereum, stating that this is just a pullback after a 245% surge and breaking through the long-standing resistance level of $4000. The analyst believes this is a healthy pullback and may just be a retest of the breakout area. @IamCryptoWolf published his analysis on the Tradingview platform in 2014 and has 111,000 followers on platform X.

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Opinion: Ethereum’s recent decline is just a “healthy correction after a 245% surge”

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