Ethereum’s recent rebound has brought a brief sense of relief, but the bigger challenge still lies ahead. While price is attempting to stabilize after weeks of sideways action, the broader structure suggests this move remains corrective rather than decisive. Until ETH can clear the $3,550 barrier, the bounce looks more like a pause in consolidation than the start of a sustained upside breakout.
Sideways Correction Still Dominates Ethereum’s Structure
According to More Crypto Online, Ethereum continues to trade within a sideways corrective structure that has been in place since November 21. Price action remains capped below the upper boundary of this corrective trend channel, signaling that the market has yet to show a convincing shift toward a broader bullish phase.
At this stage, a break above the corrective channel is the minimum indication that upside momentum may be developing. Even if Ethereum does push higher, caution is still warranted. Any advance from current
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