ETH Correction Complete? Bullish Setup Reemerges As I mentioned in my previous ETH analysis, while my medium-term outlook remains bullish, I was anticipating a short-term correction.
That’s exactly what unfolded. After retesting the 4750 resistance zone, Ethereum began to retrace, reaching the support area just below 4300 earlier today.
Currently, the price is rebounding, and there’s a strong probability that the corrective phase has ended.
I’m now looking to re-enter long, as even a move back to the recent highs could offer a 1:2.5 risk–reward setup — a solid short-term opportunity within the broader bullish structure.
