Ethereum ($ETH ) is facing a notable downward correction, currently trading at $2,412.84 with a 3.72% decrease over the past 24 hours. The price has fluctuated between a daily high of $2,615.00 and a low of $2,411.29, supported by a heavy trading volume of 985.24M USDT. Market participants are watching closely to see if the asset can successfully defend the critical $2,400 support band.