Following the recent market turmoil, ETH price has crashed down to $2,300 – marking a drop of over 13% in the past 24 hours. The sharp decline in ETH price comes as Bitcoin dips below $90,000 on U.S. weekly market opening.
As per Coinmarketcap data, ETH is currently trading at $2,420 while dipping as low as $2,330 in a drastic downtrend earlier today.
Ethereum has been labeled as one of the worst performing crypto assets in the past two years with it failing to surge past any previous highs while Bitcoin and other leading crypto assets breaking to new highs in December 2024 and January 2025.
However, the sentiment around ETH has turned bullish since the past month as several crypto analysts predict a remarkable rally in its market price. Some of the speculation suggests that ETH price could hit as high as $8,000 in coming months.
Few traders even think ETH could break above $10,000 “to remind us why it’s the king of DeFi.”
What’s Next For ETH Price?
ETH price is currently recovering quickly from the Monday’s drop and marching towards reclaiming its $2,600 to $2,800 range. It is long attempting to break above the $3,000 price mark but has been facing major resistance before catching up with the rally.
