Ethereum (ETH) Shows Short-Term Corrections but Maintains Upward Momentum

My current analysis of Ethereum (ETH) reveals a price of approximately $3,681.61, reflecting a 5.04% increase, indicating some positive momentum in the market.

In Turkish Lira, ETH is valued at around 149,977.00 TRY, up by approximately 5.13%, which shows a similar upward trend in the local market environment.

However, on a weekly basis, Ethereum has experienced a decrease of 3.38%, signaling possible short-term volatility or correction after recent gains. Its highest recorded price was 150,285 TRY, and the lowest was 142,015 TRY, confirming recent price fluctuations.

Trading volume stands at roughly 6.42 million TRY, suggesting active trading activity and liquidity in the ETH market. These ups and downs highlight the importance of monitoring both short-term corrections and long-term growth potential for Ethereum, especially given its significant role in the decentralized finance (DeFi) ecosystem and NFT markets.