Ethereum Price Correction Continues as Bulls Remain Optimistic

Ethereum's price has been experiencing a correction after reaching a high of $2,274 earlier today. Despite the decline, analysts believe that the cryptocurrency may find support near the $2,120 zone.

The price has maintained its position above $2,150 and the 100-hourly Simple Moving Average, indicating a potential for further gains if the bulls remain in action. If Ethereum stays above the $2,120 level, it could attempt another increase.