Ethereum (ETH) Faces Short-Term Correction Amid Market Fluctuations

I observe that Ethereum (ETH) currently trades at $3,518.33, with a 24-hour high of $3,675.67 and a low of $3,431.12. Over the past day, it has experienced a volume of approximately 104,854 ETH and a decline of 2.5%. This suggests recent bearish momentum amid fluctuating prices, possibly influenced by market volatility or broader crypto market trends. The decline of 2.5% within a 24-hour span indicates a short-term downward correction after a previous rally or sideways consolidation. The trading volume, while significant, also reflects active trading activity which can lead to rapid price movements. Investors should be cautious and consider both technical signals and macroeconomic factors influencing the crypto market. Overall, this data emphasizes the importance of monitoring Ethereum's support and resistance levels. The current dip may present buying opportunities if the market shows signs of stabilization, or it could be a signal to wait for clearer bullish confirmation before entering new positions.