Where are the bulls??
ETH is currently experiencing a technical and consolidative pullback, with indicators showing overbought conditions and slight deceleration.
• Institutional fundamentals remain strong, with high demand via ETFs and a reduction in available liquidity on exchanges.
• The medium to long-term trend is still bullish, as long as ETH maintains the supports and does not confirm a strong breakdown.
• Yes, ETH may drop a bit more in the short term, especially if it loses the immediate support at $3,730. But there is a scenario for a technical recovery with a breakout above $4,000.
Let's go, I didn't understand anything!!!$ETH
