🧠$ETH Ethereum: Natural Correction or Preparation for a New Rise?
📉 After a rise of +85% since June, reaching $3,940, Ethereum has entered a correction of -13%, currently stabilizing around $3,390. Despite this decline, over 1 million ETH has been withdrawn from exchanges in two weeks, indicating institutional accumulation and long-term investment.
🔍 Technical indicators show:
- An important support area between $3,350 – $3,450
- Potential breakout towards $3,860 if momentum is regained
- Risk of dropping towards $2,972 if support levels are lost
💡 While some are concerned about additional selling pressure, the data indicates continued confidence among large investors, especially with the growing use of Ethereum in decentralized finance and stablecoins.
📊 Summary: The market is at a crucial stage, and defending support levels will determine whether the correction is temporary... or the beginning of a wider reversal.
