Ethereum Plunges: Bears Eye $2,400 as Potential Crash Target

Ethereum witnessed a dramatic downturn on Wednesday, shedding over 16% of its value and dropping to the $3,300 level. This sharp decline wiped out all of Ethereum’s gains from 2025, raising concerns about a potential market crash. Technical indicators point towards further downside, with analysts predicting a target near $2,400, and some even eyeing a drop as low as $2,200 if the bear trend continues.