Ethereum experienced a significant pullback of over 10% in the last 24 hours amid global tensions and macroeconomic uncertainty.
Analysts believe the dip in Ethereum could be viewed as an opportunity, as it is holding range support well after the sharp decline.
Traders are closely monitoring how Ethereum behaves around its current support levels to determine the potential for a deeper correction or a bullish reversal.
Ethereum is currently trading around $2,466, aiming to stabilize above key moving averages as it faces resistance levels on its path to potentially reclaiming the $3,000 milestone.