Moonrock Capital Founder: If ETH can retrace to the $4000 to $4100 range and rebound strongly, it will be a typical bullish signal

Simon Dedic, founder of blockchain consulting and investment firm Moonrock Capital, tweeted that Ethereum's recent 10% pullback from its high is a healthy correction. He pointed out that Ethereum has achieved a threefold increase over the past three months, and if it can retrace to the $4000-$4100 range and rebound strongly, it will be a typical bullish confirmation.

He emphasized that the more frequently Bitcoin, Ethereum, and other crypto assets change hands during the upward trend, the more sustainable the rise will be. Dedic called on investors not to lose confidence due to minor fluctuations, firmly believing that the market is still in a bull market phase.