Moonrock Capital founder: If ETH can retest the $4,000 to $4,100 range and rebound strongly, it will be a typical bullish signal

Simon Dedic, founder of blockchain consulting and investment firm Moonrock Capital, tweeted that Ethereum's recent 10% pullback from its peak is a healthy correction. He noted that Ethereum has tripled in value over the past three months, and a strong rebound back to the $4,000-4,100 range would be a classic bullish confirmation. He emphasized that the more frequent the turnover of Bitcoin, Ethereum, and other crypto assets during their upward trend, the more sustainable the gains. Dedic urged investors not to let minor fluctuations shake their confidence, and expressed confidence that the market remains in a bull market.