Ethereum (ETH) has been on a sharp downward trajectory after reaching highs above $4,000.The price has now dropped below $2,100, leaving traders questioning whether the correction is nearing its end or if more pain is ahead.If Ethereum fails to hold above $2,000, a deeper correction toward $1,500-$1,600 could be the next step.For now, ETH still has chances to recover if bulls defend the $2,000 support zone.