ETH Bounce Back from $4000–$4100 Zone Show Say Na E Get Bullish Confirm
Simon Dedic wey be founder of blockchain advisory firm Moonrock Capital, highlight for him recent Twitter post say Ethereum price don fall by 10%, e call am healthy correction. E talk say ETH price don triple for last three months and say if e pull back reach $4000–$4100 support zone followed by strong rebound, e go show say bull trend set. Dedic yan say higher turnover during Bitcoin, Ethereum and other crypto rallies dey help maintain upward momentum. E advise traders make dem stay confident despite small volatility and confirm sey e believe sey crypto market still dey for bullish phase.
Bullish
Simon Dedic talk say if market go retrace reach $4000–$4100 then bounce back, e go confirm say trend na bullish. Dis one based on common technical analysis principles. Dis zone na key Fibonacci retracement level plus previous support. Historically, Ethereum don show strong resilience after similar pullbacks, and the rebounds dey usually lead to new highs. Traders dey watch these critical support ranges for opportunity to enter wey fit push price steady for higher levels. If bounce for dis area confirm, e fit attract new capital and boost the bullish momentum.
Plus, Dedic talk say high turnover during rallies mean say more people dey participate for the market, dat one go help keep price stable and reduce risk of quick crashes. Dis one fit relate to how Bitcoin rally dey behave before, where increased trading volume dey support the upward moves. For short term, rebound from $4000–$4100 fit spark better vibes and more trading, wey fit push ETH pass recent peaks. For long term, good retracement and recovery pattern go make the bull market thesis stronger for Ethereum and other major crypto assets.