ETH breaches $4,500 but slips 1.35% intraday
Ethereum (ETH) briefly surpassed the $4,500 mark on OKX, reaching exactly $4,500.00 per coin on August 18. Despite this breakout, ETH recorded a 1.35% decline over the trading day, underlining persistent price volatility around this key level. Trading volumes remained moderate as traders appeared to engage in profit-taking following recent gains. Market participants will be watching whether ETH can sustain support above $4,500 in the coming sessions or face further retracement, signaling confidence in the current uptrend.
Neutral
The news shows ETH breaking above $4,500—a bullish sign—but then falling 1.35% intraday, indicating profit-taking and uncertainty around this resistance. Similar past breakouts saw quick retracements before a stable uptrend resumed. In the short term, traders may expect continued volatility as the market tests support at $4,500. Long-term outlook remains cautiously optimistic if ETH holds above this level, but the immediate reaction suggests neither clear bullish nor bearish momentum.