Ethereum short-term correction of 20%, is a release of pressure after a 245% surge, long-term trend remains unchanged!
Good morning, brothers! $ETH Recent price has corrected, last night it spiked to 4060, which is a normal adjustment after the rise. So retail investors shouldn't panic.
Since the beginning of this year, Ethereum has accumulated a 245% increase and has broken through the key price level of 4000 dollars that has lasted for many years. The current correction can be seen as a natural confirmation process of the market after the breakout, and from a technical perspective, it is a reasonable fluctuation.
Historical data shows that assets often verify support effectiveness through corrections after breaking through long-term resistance levels, and this process accumulates momentum for subsequent rises. Investors do not need to overly focus on short-term fluctuations, but should pay attention to whether the 4000 dollar area can form effective support. If this price level is maintained, the medium to long-term upward trend will still have continuity.
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