Ethereum Price Faces Short-Term Correction Amidst Long-Term Optimism

While Ethereum prices are currently facing a short-term pullback and may retest the $3,700-$3,800 range before resuming growth, long-term analysts remain bullish. Key factors contributing to this potential correction include cooling ETF demand and the approaching resistance near $4,900. Technical analyst Ted highlights the key support band for Ethereum at around $3,246-$3,486. This analysis suggests a potential short-term dip before a new upward movement.