ETH rally tops out at $4.8K, setting up a make-or-break moment for Ether bulls

Ether’s short-term correction may set the stage for a larger upside move as ETH’s liquidity metrics turn increasingly favorable.

Key takeaways:

Ethereum failed to break $4,800, with a bearish divergence leading to a 3% correction.

Spot selling pressure rose, but leveraged traders remain active.

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