2024 has been a rather dull period on the ETH chart. The ETH price has risen from $2.2K to $4K but has recently retested $2.2K as the market experiences fear regarding the risk of a financial decession. I believe Q4 will be the decisive period, and the ETH Spot ETF could be a crucial catalyst for ETH price increase before we enter 2025.
This happened because yesterday the price of Bitcoin also crashed, so Ethereum followed the market crash conditions like that. It even dropped drastically. However, for now, the condition of the ETH price increase has not been that significant again, so it is still crawling to get its charm in the market.
Ethereum's struggle is not over yet. Currently, the price of ETH is still at a rate of $ 2.6k, actually this has improved quite a bit compared to a few days ago. Because, at least, in the last 7 days, the price has been able to improve, although it is still minus a few points.