$ETH 🚨ETH may see a short-term correction after strong gains!📊
📉Support levels :
Support 1: $4,573 (20EMA)
Support 2: $4,477 (SuperTrend)
Support 3: $4,343 (50EMA)
🎯Resistance levels: $4,793 (weak high)
: $4,950
: $5,000 (psychological level)
📉Price: Approximately $4,384, experiencing a 5% decline from the previous close, indicating a noticeable drop in value.
👩🏻💻Daily Range: Ranged between $4,379.74 (low) and $4,649.88 (high) during today’s trading—showing significant intraday volatility.
Market Correction: ETH recently dropped nearly 5%, falling below the psychological threshold of $4,400 amid broader macroeconomic concerns and fading market confidence.
Institutional Activity & Resilience: Despite the decline, there’s strong institutional interest:
-Spot ETF inflows pushed ETH back toward $4,600, demonstrating renewed accumulation.
-On-chain volume surged to $12.93 billion, close to Ethereum’s 2021 high.