📉 Ethereum - correction after a strong rally
ETH was recently approaching the psychological level of 5000 USD, but we are currently observing a correction around 4300-4400 USD.
Such movements are a natural part of the market - after dynamic increases, investors take profits, and the market seeks a new balance.
🔎 Key questions:
• Is the current decline just a healthy correction before another upward impulse?
• Could this be the beginning of deeper profit-taking and a return to lower supports?
📊 It is worth observing:
• transaction volume,
• support levels around 4200-4250 USD,
• sentiment around ETH ETFs and the situation with Bitcoin.
📈 My suggestion:
If ETH holds above 4200 USD, a quick rebound and a re-test of the 4600-4700 USD level is possible.
On the other hand, breaking below 4200 USD could open the way for a deeper correction even towards 4000 USD.
👉 How do you see it - $ETH correction before the next breakout, or the beginning of a larger downward trend?
