Market Update: $ETH , $BNB Showing Signs of a Controlled Correction
The recent market pullback across major Layer-1 assets—including Ethereum (ETH), Cardano ($ETH
ADA), and Hedera (HBAR)—appears to be a healthy corrective phase rather than a deep reversal.
ADA Key Level: Holding near the $0.399 zone, which continues to act as an important support area.
ETH Key Level: Trading close to the $2950 region, where buyers have previously shown strong interest.
Despite the short-term pressure, market structure remains intact, and the ongoing correction is not showing signs of extending aggressively. Historically, L1 coins often exhibit brief retracements before attempting another trend-continuation phase.
Overall, this correction could simply be the market resetting liquidity and cooling down overheated momentum before choosing its next direction.
What to Watch Next:
Strength of support zones on high-timeframe charts
Volume behavior near critical levels
Whether BTC continues to hold above its mid-range structure
