Ethereum’s price closely mirrors Bitcoin’s, experiencing a bearish downturn after significant gains. The ETH price dropped below $2800, potentially signaling a deeper correction if bulls fail to defend the crucial support level of $2400. This decline follows geopolitical tensions in the Middle East between Israel and Iran, leading to over a billion liquidations in the crypto market. This triggered an inverse V-shaped rejection, erasing recent gains. 2025’s Ethereum rally is uncertain, with the price battling historical support levels. Will we see a significant rebound? The technical outlook offers hope as Ethereum remains within a parallel channel despite this correction. However, indicators like RSI indicate potential downward pressure. The ETH price might test its lower boundary around $2400 if the downtrend intensifies before experiencing a strong rebound to resistance levels. 2025’s Altcoin season timeline remains uncertain. Although Ethereum bulls are fighting for support, market trends suggest a lack of significant upside in the short term. As Bitcoin dominance rises, liquidity flows into the leading cryptocurrency, potentially delaying a full-fledged Altcoin season. However, the upcoming period could see a shift in market dynamics, with potential price increases for altcoins only if Bitcoin dominance falls below 55.