Ethereum Rockets $1,000 in 7 Days—Analysts Eye ’Healthy Correction’ as Traders Greed Peaks
Ethereum just pulled off a gravity-defying rally—adding $1,000 to its price in a single week. But seasoned analysts are flashing warning signs: this parabolic move might need a breather.
### The FOMO is Real (And So Are the Risks)
Traders are piling in as ETH smashes through resistance levels. Yet market veterans whisper the two words retail hates most: 'healthy correction.' Cue the collective shudder from leverage junkies.
### Wall Street’s Old Playbook Meets Crypto’s Chaos
Traditional TA patterns suggest overextension—because apparently, drawing lines on charts still works even when the asset runs on internet money. Who knew?
### The Ironic Closing Thought
Meanwhile, hedge funds are probably shorting ETH while tweeting moon memes. Some things never change—least of all finance’s talent for hypocrisy.
Ethereum daily chart by Michaël van de Poppe
Van de Poppe: “Corrections Are Healthy”
Van de Poppe emphasized that corrections are not a sign of weakness but a necessary phase to rebuild momentum. He also noted that Fridays and Saturdays are typically correction days in crypto markets.
In parallel, he urged market participants to use such dips to position themselves for the next uptrend. Essentially, the projected dip, should it occur, could present a strategic accumulation opportunity.
Meanwhile, at press time, ethereum is still holding around the $3,600 level. Ongoing accumulation by whales and ETFs is further supporting price action. For context, Ethereum ETFs purchased $1.3 billion worth of ETH in the past two days.
