The price of the cryptocurrency stabilized until encountering bearish pressure, which caused it to drop below $3,500 after gaining from $3,000 to $3,800 following the introduction of Ethereum spot ETFs. The tiny dip in Bitcoin, which carried the entire cryptocurrency market down with it, was the main driver of this decline. As of right now, the cryptocurrency appears to be stabilizing and showing signs of increased buyer interest. As of the publication of this article, the value of one Ether is just over $3,500. It is now below the $3,800 threshold, which denotes the control point that has been identified since its previous rebound.