Ethereum Price Correction: Market Sentiment Remains Cautious Optimistic

Ethereum’s price has taken a slight dip, falling to $2,378 after hitting a high of $2,693 over the past week. Despite this correction, Ethereum remains resilient, with analysts observing a 35% surge in price over the past month. Increased trading volume on derivatives markets like CoinGlass further confirms this activity, while open interest in ETH futures has dropped by 5.53%. While some analysts see this as a sign of short-term traders taking profits, others suggest that new momentum is building beneath the surface. Ethereum’s recent price movements have sparked mixed opinions among crypto experts.