Ethereum (ETH) has once again dipped below the $2000 mark, amid a market-wide correction. According to CoinGecko, ETH’s price has fallen by 4.4% in the last 24 hours, 5.7% in the last month, and 9.2% since March 2025. However, the asset has maintained some gains in the weekly and 14-day charts, rallying by 3.1% and 0.8%, respectively. Let’s discuss what’s next for the second-largest crypto by market cap, as Ethereum (ETH) falls below the $2000 price level.

What Next After Ethereum Once Again Falls Below $2000?

Ethereum’s (ETH) latest correction comes after Bitcoin (BTC) faced a rejection at the $73,000 price level. The crypto market, in general, faced a dip after the US released its February jobs data. Unemployment rose to 4.4%, higher than the expected 4.3%. The development may have injected fresh volatility into the crypto market.

Additionally, Ethereum (ETH) and the larger crypto market continue to face challenges from ongoing global geopolitical tensions. The US/Israel-Iran conflict has seen a substantial escalation, leading to a spike in investor worry.

Ethereum (ETH) is unlikely to rebound until broader economic conditions and geopolitical tensions ease. The crypto market is subject to heavy speculation, and it is reeling with increased volatility at the moment. Macroeconomic uncertainty looms heavily over investors, and risky assets don’t appear attractive, given the market environment.

Also Read: Dormant Whale Wakes Up, Buys $10.9M in Ethereum (ETH) at $2,043

CoinCodex analysts, however, paint quite a bullish picture for Ethereum (ETH). The platform predicts the asset will reclaim the $2000 mark on March 10, 2026. Moreover, CoinCodex anticipates ETH will continue its rally over the coming months, reaching $ 3,747.74 on June 5, 2026, though there may be a few dips along the way. Hitting $3747.74 from current price levels will entail a rally of about 89.47%. However, one should remember that fresh volatility could present challenges to any potential rally.