Ethereum Price Plunges: Will Bulls Return or is a Deep Correction Looming?

Ethereum’s price has taken a sharp downturn, currently hovering around $1,580 after falling over 3%. The cryptocurrency market continues to experience bearish sentiment, causing Ethereum (ETH) to shed 3.74% and prompting concerns about its future trajectory. Experts point to prolonged fear and declining trading volume as key factors behind the price drop. 3.74% losses for Ethereum are not unusual in a volatile market.