Ethereum’s price has come under notable pressure, falling below key psychological and technical levels. The second-largest token entered a corrective phase after a period of sustained upward momentum, triggering renewed concerns across the market. The latest pullback has not only broken the short-term bullish structure but also raised questions about the underlying strength of the current trend.
Besides, the sudden reversal is catching attention, especially as trading volume remains uneven and larger market participants appear to be repositioning. Currently, ETH is trading around $3,500, having slipped nearly 9% in the past week, prompting questions: Is this just a standard market correction, a bearish breakdown, or something more calculated by savvy investors?