Ethereum Reclaims $2000: Is the Worst Over, Or Is It Temporary?
Ethereum (ETH) has once again reclaimed the $2,000 price level once again, but is still trading in the red zone across all time frames. According to CoinGecko data, ETH is down 0.2% in the last 24 hours, 5.4% in the last week, 27.5% in the 14-day charts, 32.6% in the last month, and 22% since February 2025. Ethereum’s (ETH) price jump to $2,000 comes amid Bitcoin’s (BTC) rally to the $71,000 level. Let’s discuss if the worst is over for ETH, or is it a temporary recovery. Source: CoinGecko Is Ethereum (ETH) Entering a Recovery Phase, Or Will It Crash Again? Source: Pixabay Ethereum (ETH) is following Bitcoin’s (BTC) recovery, which saw a rally from sub-$62,000 levels to $71,000. However, the market recovery seems have met a threshold, as most assets are once again entering the red zone. Given the rejection, it is possible that the recovery is temporary, and ETH could face another correction soon. Furthermore, the price jump over the last few days could be due to ...