Ethereum down 42% from all-time high: Where will ETH price bottom?

Ethereum has dropped below $3,000 and is down 42% from its record high, prompting traders to question where the next bounce zone for the ETH price might be.

Ether (ETH) has retraced 42% from its all-time high of $4,950 with traders wondering where the altcoin was likely to bottom out next.

Key takeaways:

Ethereum traders see ETH price dropping to $2,100 if support at $2,800 fails.

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