$ETH Ethereum (ETH), the second largest cryptocurrency by market capitalization, has faced recent challenges that have impacted its performance. After reaching an all-time high of $6,300, ETH has begun a correction, currently trading around $2,740. This pullback could be an opportunity for stabilization before a new bull cycle. citeturn0search5
Macroeconomic events, such as the imposition of new tariffs by the US, resulted in a $2 billion liquidation in the crypto market, significantly affecting the value of ETH.
Despite these challenges, analysts remain optimistic. There are expectations that $ETH could surpass the $5,000 mark next year, driven by favorable supply and demand dynamics and increased institutional adoption.
Investors should closely monitor market conditions and consider long-term strategies, taking advantage of potential entry points during periods of correction.