Ethereum Price Plunges: What’s Behind the Crypto Market Correction?

1. What triggered the Ethereum price drop?
   The drop was triggered by Bitcoin’s collapse and tariffs imposed by Trump.
2. How much has Ethereum’s price fallen?
   Ethereum’s price has fallen below \$3,000.

3. What is the potential for a rally in Ethereum?
   Some analysts predict a 35% rally if Ethereum breaks resistance levels.

4. Why is February historically positive for Ethereum?
   Ethereum has consistently seen positive returns in February, with an average gain of 17.13%.

5. What on-chain data suggests a potential correction?
   Long-term holders selling off their coins and the MVRV Ratio indicating overvaluation.

Ethereum’s price drop is part of a broader crypto market correction driven by external factors like tariffs. While some analysts predict a potential rally, the future trajectory remains uncertain due to on-chain data suggesting a deep correction.