The post Ethereum Price Dips Below $3,450 Amid Broader Crypto Market Downturn, Recovery Remains Uncertain appeared on BitcoinEthereumNews.com.

Ethereum price falls below $3,450 amid market downturn. Discover key impacts and recovery outlook. Stay informed with COINOTAG crypto news. Ethereum’s Recent Price Slump and Market Impact On August 3, 2025, Ethereum’s price fell below $3,450, representing a 5.04% decline within 24 hours. This drop occurred amid a widespread risk-off sentiment across cryptocurrency markets, affecting major digital assets. Ethereum’s market capitalization now stands near $415 billion, with trading volumes around $18 billion, reflecting significant liquidity shifts. ‘, ‘ 🔥 The Power of the TRON Ecosystem is Yours!Click now to discover exclusive opportunities! ‘, ‘ 💎 Profit Opportunities on the TRON NetworkJoin now to strengthen your investments! ‘ ]; var adplace = document.getElementById(“ads-htx”); if (adplace) { var sessperindex = parseInt(sessionStorage.getItem(“adsindexHtx”)); var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesHtx.length) : sessperindex; adplace.innerHTML = adscodesHtx[adsindex]; sessperindex = adsindex === adscodesHtx.length – 1 ? 0 : adsindex + 1; sessionStorage.setItem(“adsindexHtx”, sessperindex); } })(); What Caused Ethereum’s Price Decline? The decline is primarily attributed to increased risk aversion among investors in the crypto space. Market participants reduced exposure to volatile assets, impacting Ethereum alongside Bitcoin and other Layer 1 tokens. Despite the price drop, Ethereum’s core development team, including co-founder Vitalik Buterin, has not issued any public comments or updates addressing the situation. Broader Cryptocurrency Market Effects The downturn in Ethereum’s price mirrors a broader market correction affecting multiple cryptocurrencies. Bitcoin and other leading assets also experienced parallel declines, indicating systemic market pressure rather than asset-specific issues. Trading volumes remained robust, suggesting active repositioning by investors rather than a lack of market interest. How Does This Affect Ethereum’s Future Outlook? Historically, similar price corrections have preceded recovery phases in Ethereum’s market cycle. Analysts note that such dips often reset bearish sentiment and create buying opportunities. Future price movements may depend on regulatory developments and technological…

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Filed under: News - @ August 3, 2025 6:15 am