Ethereum Price Analysis: Will ETH Recover After a Turbulent Start?

The cryptocurrency market kicked off April on a shaky note, as the overall valuation continued its downward trend. While major cryptocurrencies struggle around their crucial support levels, Ethereum has experienced a dramatic downturn this year, with a Year-to-Date (YTD) crash of -47.12%. This decline extends over three months and raises questions about the future of the ETH token. In this article, we explore potential explanations for the Ethereum price drop and possible price analysis, aiming to shed light on short-term market trends.