Ethereum Price Forms $2,700 Base After Correction as Structure Turns Higher

⬤ Ethereum has stabilized after an extended corrective phase, with ETH completing its pullback and transitioning into a constructive structure on the four-hour chart. A rounded recovery pattern has been forming since late November, following a decline from earlier highs near the upper resistance zone.

⬤ The chart shows Ethereum rebounding from lows around $2,700 before establishing higher lows into December. Price now trades above the curved base structure, suggesting eased selling pressure. A descending wedge formation during the correction phase has resolved upward, signaling a behavioral shift rather than continued downside. Overhead resistance sits near $3,600 as the next major technical level.

⬤ Recent candles reflect improving participation, with ETH gradually reclaiming levels above $3,100. The structure emphasizes accumulation rather than rapid expansion, consistent with base-building. While short-term volatility persists, the overall formation suggests Ethereum is transitioning from correction into developing upward momentum.

⬤ This shift matters for the broader digital asset market because Ethereum often sets directional tone for smart-contract platforms and DeFi assets. A sustained move away from correction could influence market sentiment and capital rotation. While resistance zones remain and confirmation depends on continued price action, the current structure shows how ETH is positioning itself after completing its recent correction phase.