Ethereum’s price has dropped below the $3,000 mark, reaching a four-month low and plummeting approximately 40% from its August all-time high. This significant decline has sparked debate about whether this marks the end of the bullish run or if it signifies a healthy correction ahead of a potential resurgence. Several factors have contributed to Ethereum’s decline, including broader market volatility and concerns regarding global economic uncertainties that impact various risk assets like cryptocurrencies. 3,000 serves as a crucial support level for ETH in the past, and its recent fall below this threshold has fueled discussions on whether it signals weakness in market momentum, potentially leading to further declines or if it’s merely a temporary pause before recovery.