Analysis $ETH ETH/USDT – Reflection after a 64% increase

I have been following the Ethereum (ETH) chart since 2021, and a pattern has frequently repeated: after significant increases, there is a lateral movement followed by new appreciation.

Recently, ETH rose from around $1,500 to $2,700, an increase of approximately 64% in just a few weeks. Now, the 4-hour chart shows a natural correction, which is common after strong movements like this.

Some points I observed:

Current price: $2,471

Correction in the last 24h: -4.30%

RSI at 22, very close to the oversold zone, which may indicate a possible reversal or at least a market breather.

The price is below the short-term moving averages (EMA 7 and 25), signaling selling pressure in the short term.

However, it remains above the EMA 99, which still maintains the bullish structure in the medium term.

Based on the history and indicators, I believe we are in a breather phase before a possible new wave of appreciation, provided that support holds. The region of $2,280–$2,300 may be an interesting point of attention.

I continue to monitor and share insights based on what I have learned since 2021. Those who closely follow the market know the value of these simple yet consistent observations.