ETH
ETHUSDT
Recent performance: Since the low on April 7, 2025, Ethereum has risen about 245%, with the rebound lasting about 126 days. The market is currently beyond the correction range, but the correction may be brief.
Key support level
The 0.236 retracement level (around $3900) may have failed, as the rising process was not consolidated and is difficult to maintain during a decline.
The 0.382 Fibonacci level (around $3485) has stronger support, as it is a pause consolidation point before the previous high, which may absorb selling.
Trading suggestion: Correction or imminent but slight and brief, focus on the $3485 support level. If this support holds, Ethereum may rebound quickly, and there could be opportunities to watch for a rebound to $3000 or even higher.
ETH ETHUSDT
