Analysts are anticipating a potential correction in Ethereum’s price as market volatility increases. Key indicators point towards a possible dip in May 2025, specifically around the $2,300 support level. While this is concerning, technical analysis suggests it may be a healthy correction. John Doe, Crypto Analyst for CryptoNews, states that, “Ethereum’s recent drop below $2,400 and subsequent volatility hint at a possible healthy correction with consolidation expected around the $2,200 threshold.” The 200-day EMA remains below Ethereum’s current price, potentially signaling lack of confidence in the market. If ETH breaks past this support level, it could trigger further declines. Traders and investors are closely watching to see if the price will stabilize above the $2,300 support.