The price of Ethereum experienced a correction at the beginning of the week, with lower highs and lows and a loss of the $3,500 level. However, the market is currently testing the $3,000 support level and the 200-day moving average, which could potentially initiate a rebound. A breakdown at this level could have negative consequences, but if a bullish breakout occurs, a new rally towards the $4,000 area could ensue in the short term. Additionally, analyzing the futures market sentiment suggests that the market is no longer overheated, which could contribute to a potential price rally in the coming weeks.



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