🔷Following its late-August record above $4,900, Ethereum has seen elevated volatility, briefly dipping below $4,000 before recovering to around $4,300. Despite the correction, Fundstrat analyst Mark Newton sees no cause for concern. He expects ETH to find a short-term bottom within 1–2 days and resume its climb toward $5,500.
🔷Newton views the current move as part of a natural three-wave retracement after September’s rally. The $4,200–$4,220 range remains key support, from which he anticipates a renewed uptrend. Both technical and fundamental factors, he says, continue to favor Ethereum’s bullish outlook.