Is It A Good Time To Buy ETH Dip As Ethereum Price Precariously Balances At $2,200?

Ethereum has recently experienced a downward trend after its inability to surpass the resistance level at $2,700. This trend has been marked by increased selling pressure, leading to a noticeable decline in Ether price. As of the latest updates, Ethereum is trading around $2,246, a modest increase of 0.62%. This slight uptick suggests that the bulls are finding it challenging to reverse the recent downtrend following a period of market correction.