Ethereum’s Price Correction Raises Optimism for Potential Bull Run

Ethereum (ETH) experienced a sharp 8% drop in price on Tuesday, prompting some short-term market volatility. Despite this correction, analysts remain cautiously optimistic, viewing the move as a technical pullback within a broader upward trend that could propel ETH prices towards $10,000. Analysts highlight key support levels and technical patterns as they monitor for signs of continued uptrend. 8% drop in ETH price, triggering approximately $115 million in long liquidations, is an indication of how traders are navigating these recent fluctuations.