Weekend Reflections on ETH

Weekend Reflections on ETH

Ethereum has dipped by 4% in the last day, currently hovering near $4,200.

We're noticing a slight cooldown in the market after a period of excessive long positions.

This minor correction should help balance things out.

The decline is occurring within a key support zone, which contains several robust accumulation points that could drive further upward momentum.

I advise against chasing this dip, as the resumption of an uptrend might happen sooner than anticipated.

Allow the pullback to unfold without overemphasizing its significance.