Ethereum Faces Correction: Will It Bounce Back?

Ethereum (ETH) is currently trading around the $3,000 mark, facing a potential correction. This dip comes as the broader cryptocurrency market remains cautious, with investors hesitant due to recent market volatility. As the largest altcoin struggles, Bitcoin (BTC)’s price has dipped to $90,800. Despite this, Ethereum’s price has experienced a small surge of 0.52%, currently trading at around $3,095 after briefly touching $3,000 in early hours. Whether this is a short-term correction or the start of a larger bounce remains to be seen. Analysts note that increased DeFi activity and growing institutional interest may contribute to Ethereum’s future performance.