Ethereum Price Plummets Below $3,300 – Is a Deeper Correction Looming?

Ethereum has fallen below the crucial $3,300 mark, signaling ongoing selling pressure and raising concerns about potential for further price declines. While bears haven’t shown significant momentum yet, the price drop followed a major liquidation event that cleared out many over-leveraged longs, indicating a shift in control to spot sellers who may exacerbate downward pressure. This points toward a deeper short-term correction as buyers struggle to regain control.