<ul><li>Ethereum's price falls below $2,400 and trades under the 200-day EMA, amid a broader market correction that could push it down to $2,200.</li><li>Technical analysis indicates a potential bearish crossover between the MACD and signal lines, signaling a deeper correction and possibly invalidating the bullish pattern.</li><li>Analyst Ted Pillows notes a significant increase in ETH whale holdings, with addresses holding 10,000 to 100,000 ETH now totaling 16.79 million ETH, showing growing confidence among large investors in Ethereum.</li></ul>

Ethereum Dips to $2,400 Amid Market Correction: Is $2,200 Next?

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