Ethereum (ETH) Analysis:
has revisited its primary demand zone, successfully maintaining the crucial support level of $2,870-$3,030 in the 4-hour timeframe. This development suggests a strong continuation of the upward trend, with the correction process gaining momentum.
On the daily chart, the price moves within an ascending channel, indicating a high probability of a pullback to the floor of $1,900-$2,120. As the price drop intensifies, fear sentiment grips the market, prompting whales to capitalize on the opportunity and invest in safe-haven assets.
Keep a close eye on ETH's price action as it navigates this critical support zone, poised for a potential bounce or further correction.
