Ethereum Update: Indicates the signs of reversal

Ethereum has been experiencing a prolonged bear market period, similar to other cryptocurrencies. Given the current instability of the markets and the Fed's decision to raise interest rates, we can expect further market declines, resulting in another leg down. Therefore, in my opinion, ETH will retest its support at around $996 before rebounding and initiating a bull run, potentially reaching a value of approximately $9500. DYOR