Ethereum exits the correction: are we facing another attack on the lower support level?

The current situation in the Ethereum market suggests that the final phase of the multi-month corrective movement, which began in the summer, is fading. This movement is part of a larger valuation cycle that dates back to when ETH hovered around the $1500 level.

Current Market Dynamics

Ethereum (ETH) is currently priced at $3.12K, providing a reference point for assessing future movement scenarios. Market experts are closely watching whether the price will stay above key resistance levels.

Key Support Level on the Horizon

According to cryptocurrency market observers, if Ethereum fails to quickly recover and stabilize around $3900, there is a significant risk of testing lower levels. Many technical indicators point toward a potential move toward the $3400 level, which could serve as an important interest point for buyers seeking positions at lower valuations.

Implications for Investors

The current consolidation phase may be the last chance for market participants to reconsider their strategy. If the price does not quickly stabilize above $3900, many indicators suggest the possibility of a deeper correction, which could present an opportunity for accumulation at more attractive price levels.