Ethereum Faces $3,400 Correction, But $4,200 Rebound Possible

Ethereum’s recent price drop has triggered concerns as it nears a potential correction. The digital asset is currently navigating the final stage of a decline that began in August, dropping below its key support level of $3,600. A significant sweep to the $3,400 level is anticipated unless ETH reclaims resistance at $3,900. This price dip has already triggered over $400 million in liquidations, leading to debate among traders.