Ethereum has fallen below the $2,000 threshold amidst a wider cryptocurrency market correction. Data from CoinGecko shows the asset is down 4.4% in the past day and 9.2% since March, though it retains weekly gains. Analysts link the drop to Bitcoin’s price rejection and broader economic uncertainty, with some predicting a potential rebound in the coming days and months.
Ethereum has once again dropped below the $2,000 mark during a market-wide correction. CoinGecko data indicates ETH’s price fell 4.4% in 24 hours, 5.7% over the last month, and 9.2% since March 2025, though it showed weekly gains of 3.1%.
This correction followed Bitcoin facing rejection at the $73,000 level and the release of U.S. February jobs data showing unemployment rose to 4.4%. The development may have injected fresh volatility into the crypto market, which also faces pressures from escalating geopolitical tensions like the US/Israel-Iran conflict.
Analysts at CoinCodex project a different outlook, predicting Ethereum will reclaim $2,000 on March 10, 2026. Their forecast, stated on their platform, further anticipates ETH could rally to approximately $3,747.74 by June 5, 2026, representing a potential 89.47% increase from current levels.
