Ethereum Corrects Toward Fibonacci Support

Ethereum rejected the 0.786 Fibonacci level near $4,779, triggering a short-term correction, yet market structure remains bullish across higher time frames.

After reclaiming the $4,588 range, ETH is now consolidating below resistance. If VWAP support fails, price could extend its correction into the 0.618 Fibonacci region, clearing liquidity before resuming higher.

The broader uptrend remains intact, marked by consistent higher lows and strong momentum across major time frames. Current movement appears corrective, allowing for potential accumulation before the next rally phase.

What to Expect:

If ETH holds above the 0.618 level, a bullish rotation toward $4,779 and eventually $5,000 remains probable. Losing that support could delay recovery but would not invalidate the larger bullish bias.