Ethereum Price Dip – Is It a Buying Opportunity?
Ethereum (ETH) has pulled back sharply today, currently trading around $2,527, down nearly 8% in the past 24 hours. After hitting a local high of ~$2,830, the correction appears driven by short-term profit-taking and increased options activity—over 244,000 ETH options are expiring today with a max pain point around $2,650.
Despite this dip, institutional appetite is rising: BlackRock and Fidelity pumped over $112 million into ETH ETFs just this week. On-chain staking is strong, with over 34.8 million ETH locked.
📊 RSI indicates oversold levels. Will ETH bounce back?