This analysis outlines a structured view of Ethereum's recent and anticipated price action. Here's a breakdown in clearer, professional terms with the key takeaways and implications:

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Current Market Summary (as of now):

Swing Completed: A significant upswing from $1,775 to $2,725 has concluded, totaling a +930 point move. This is a completed large swing trade.

Current Phase: ETH is now undergoing a correction phase, potentially targeting a Fibonacci 38.2% retracement level.

Target Retracement Level: Around $2,370, which aligns with a strong support zone (starts from the $2,444 breakdown point).

Condition: This correction to $2,370 is valid only if $2,444 breaks down.

Support Context: The $2,370–$2,444 zone was previously a launchpad for a smooth rally; hence, it's the strongest short-term support.

If reached, it's considered a “buy the dip” opportunity.

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Future Outlook:

Post-Correction Rally: The next potential swing trade aims for $2,770 to $4,036, an aggressive bullish move over 4 weeks.

Short-Term Bullish Confirmation: As long as ETH holds above $2,660, it is likely to trend toward $3,000–$4,000.

Trend Health:

12-Hour Cycle: Currently in a correction cycle.

4-Hour Momentum: Downward pressure is weakening, suggesting 6–8 more hours of consolidation.

Higher Timeframes (3D, 5D, Weekly): Still showing a healthy bullish trend.

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Bearish Scenario (Invalidation Level):

Key Support: A break below $2,110 would invalidate the bullish structure and mark the start of a bearish trend.

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Summary for Traders:

Above $2,660: Short-term bullish; watch for continuation toward $3–4k.

If $2,444 breaks: Watch for dip to $2,370 — prime buy zone.

Invalidation: Drop below $2,110 flips mid-term outlook to bearish.

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