Ethereum (ETH) Faces Short-Term Correction After Weekly Decline

I observe that Ethereum (ETH) is currently priced at $3,622.82, reflecting a slight decrease of 0.76% in the recent timeframe. In Turkish Lira, the price stands at 147,400.00 TL, a decline of 0.68%. Over the past week, ETH has experienced a total decrease of 4.4%, indicating a modest downward trend. The highest price recorded recently was 150,126.00 TL, while the lowest was 144,400.00 TL, showing some volatility within a relatively narrow range. The trading volume has reached approximately 5.26 billion TL, suggesting steady market activity despite the slight decline. Given the recent price movements and weekly decline, it appears ETH is experiencing a correction or consolidation phase after previous gains. The narrow trading range and moderate volume suggest investors might be cautious, awaiting clearer signals before committing to larger positions. Overall, the current trend signals a temporary pullback rather than a long-term bearish outlook, but closer monitoring of upcoming market developments is advised.