ETHUSD has experienced a necessary correction along with the broader crypto market since mid-March. Following an initial drop to the $3,000 range, Ethereum saw a recovery and reached a local high at $3,600. Despite another decline, bulls managed to support the price at the $3,200 level, establishing a strong base. Currently trading near $3,400, the market sentiment appears bullish. Anticipating further upward movement, with a potential retest of the $4,000 resistance level, I maintain a positive outlook as long as the price remains above $3,200 on a daily closing basis.
