Ethereum’s Correction Risk: Could Prices Fall to $2,500?

Ethereum prices are showing signs of a potential pullback as its Relative Strength Index (RSI) has crossed below its 14-day EMA. This could signal a downward trend toward the crucial support level of $2,500 and a possible correction of around 37.5%. While this indicates a bearish outlook, the current market uncertainty makes predicting the exact trajectory difficult. Ethereum’s price has dipped recently after reaching its all-time high in recent weeks, and analysts believe that short-term volatility is likely before a potential bullish rally.