ETH faces a correction risk, but the fundamentals remain intact

Ethereum's price has recently formed an ascending wedge pattern on the daily chart, which is often seen by traders as a potential reversal signal. Although the fundamentals remain robust, this technical formation has become a focal point in the market.

The appearance of the ascending wedge has prompted many investors to reassess Ethereum's short-term upside potential. This chart pattern often indicates that the price may need to undergo a correction, even if the long-term outlook remains optimistic. From the current candlestick trend, ETH is in a critical technical position, and the next market move will directly influence investor confidence.

It is worth noting that despite technical pressures, Ethereum's fundamentals continue to strengthen. This means that any short-term price pullback may simply be a healthy market adjustment rather than a trend reversal signal. For long-term holders, such volatility is often seen as an opportunity rather than a risk.