Ethereum Price Drops Below $3,000: Is the Bull Run Over?

Ethereum (ETH) has experienced a significant drop, falling below $3,000 on Monday, signaling a shift in sentiment within the cryptocurrency market. The recent rise in Ethereum’s utility for tokenization and stablecoin systems is being outweighed by broader market concerns like global growth anxieties and geopolitical uncertainty. Analysts suggest that ETH’s downward trajectory might be temporary. A return to the $3,900 level is possible as long as risk-off sentiment fades, global economic growth prospects improve, and new liquidity enters the market.