In my opinion, Ethereum price for this past few days was such a roller coaster. The price was reach $3,500 and now the price had significant drop to $3,000. But I trust Ethereum and I think the price will come back stronger and reach $4,000 or even more. Also bitcoin price was dropping too, after its price very close to reach $50,000 last week.
ethereum seems to be the same as altcoins in general, always very dependent on bitcoin. when bitcoin declines, it can be ascertained that it also has an effect on ethereum, occasionally ethereum can move without a push from bitcoin. but more so indeed ethereum still always follows whatever bitcoin is doing and that's only natural.
it's different for me, where ethereum is currently experiencing a correction, and has the potential to fall deeper. to reach the price of $ 4k in the near future I think it is still difficult. Based on the formed chart, there could be a correction to the strong support below $2k. but how the journey we can observe it together
not only ethereum experienced a correction but almost all because the main bitcoin experienced it and had an impact on others, only a few altcoins were able to move and even reach ATH before finally dropping along with bitcoin.
but bitcoin will increase at the end of the year and certainly will also happen to ethereum, so it could well be what you say it will happen that ethereum will go down and that will be done for the jump to increase eventually.
ethereum will reach renewable ATH by the end of the year and will certainly be higher in value.