We note that the price $ETH reached a peak of 4,788 before entering a correction towards 4,307, where it is currently testing an important support area aligned with the upward trend line. The short-term moving averages are still above the long-term ones, indicating that the overall trend remains upward despite the current pressure. The MACD indicator shows a slight negative crossover with the decline of green momentum, suggesting the possibility of continued correction in the near term. The RSI indicator at level 48 indicates a neutral area, neither overbought nor oversold, leaving the door open for movement in either direction. The nearest support is at 3,744, and if broken, we may see a drop towards 3,155. Conversely, a price rebound from the current supports could push it to re-test the 4,700 area and above. Overall, the long-term trend is still positive, but the market is undergoing a necessary correction to gather new momentum.

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