Ethereum’s price experienced a sharp correction after reaching highs near $4,800, fueled by market downturns impacting crypto sentiment. The Dow Jones Industrial Average saw a decline following record highs, Bitcoin dipped below $111,000, and the dollar strengthened, all of which negatively impacted the cryptocurrency markets. Meanwhile, Federal Reserve Chairman Jerome Powell’s hints of potential interest rate cuts next month have bolstered optimism that liquidity may return, potentially driving ETH prices higher. Now the key question is whether Ethereum will maintain its $4,000 support zone or succumb to broader market pressures that could trigger a deeper correction.