Ethereum has entered a correctional phase after its recent rally, with price action signaling a possible retest of lower support areas. The highlighted zone remains critical, as the market’s reaction there could determine whether ETH builds strength for another bullish leg or continues consolidating.
💡 Key Insight: Ethereum is showing signs of a corrective structure. The red-circled zone on the chart is crucial for defining the next directional move, as trader sentiment will likely be shaped by reactions at this level.
📊 Strategy Outlook: Traders should closely monitor the highlighted support zone. A strong bounce could initiate the next upward move, while failure to hold this level may signal extended consolidation.
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