DeGRAM | ETHUSD is correcting

📊 Technical Analysis
● ETH/USD remains in a broad ascending channel but is now testing its mid-range support near 3,900 after multiple rejections from the upper resistance line.
● A breakdown below 3,800 may trigger a move toward 3,380, aligning with the lower boundary of the long-term channel and completing a corrective wave.

💡 Fundamental Analysis
● Ethereum’s price faces pressure amid slower network activity and rising competition from L2 ecosystems, while macro uncertainty weighs on crypto sentiment.

✨ Summary
● Short bias below 3,900; targets 3,380. Structural breakdowns and weaker fundamentals point to a medium-term retracement phase.

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