According to analyst CyrilXBT, Ethereum is in a critical stabilization phase following a difficult correction. The path forward is seen as structural and gradual, not a swift, speculative rebound.
Key Elements of a Healthy Recovery: Forming Higher Lows:** The price must establish a series of ascending lows, indicating that selling pressure is consistently diminishing at increasingly higher prices.
*Reclaiming Value Areas:** ETH needs to re-enter and hold within its previous consolidation zones, turning old resistance into new support.
*Range Acceptance:** The ultimate sign of a shift from laggard to leader would be sustained trading and closing above its current range on higher timeframes (e.g., weekly).
Analyst's Implication: This perspective suggests patience is required. The market is focused on repairing its internal structure and rebuilding investor confidence through steady price action, rather than chasing explosive rallies that may not have a durable foundation. The coming weeks will be about observing whether ETH can construct this technical foundation. $BTC $ETH $BNB #BTC #MWAM_Crypto