๐ Ether (ETH) took a nosedive below $3,000 for the first time in 50 days, and the crypto community is feeling the chill! ๐ฅถ Amidst fears of a crypto winter, ETH's drop is part of a larger market correction, largely influenced by Big Daddy Bitcoin (BTC). Despite an upcoming spot Ethereum ETF launch in the US, some traders are biting their nails over a potential further fall. But hey, no need to panic just yet! Ether derivatives metrics show no heavy hedging, suggesting traders aren't bracing for a further drop. So, is this just a market hiccup or the end of the crypto bull run? Share your thoughts below! ๐ #CryptoNews #ETH #BTC