Key Highlights:
Ethereum sentiment turns bullish after recent correction.
Traders eye $3,300 and $3,400 as next resistance levels.
Market watchers focus on major call options and positioning by trader "Marshal Yi."
Ethereum's bullish momentum is gaining traction, with the community confident the recent correction phase is over, according to a briefing by Greeks.live macro researcher Adam, shared via ChainCatcher.
Traders are now focused on the next key price targets at $3,300 and $3,400, with many monitoring large call option positions and leverage reduction activity led by prominent trader “Marshal Yi.” His market decisions are currently seen as a barometer for broader sentiment.
The renewed optimism follows a strong rebound alongside Bitcoin’s rally past $122,000, fueling renewed interest in ETH derivatives and spot accumulation.
