Ethereum Correction: Make Patience for Momentum Buying
Ethereum dey go through price correction, wey make analysts advise traders make dem wait for momentum buying, no to chase dips. Di price recently drop to intraday low of $4,233—the lowest since August 12—and fit fall further towards di key $4,100 breakout level. Despite dis pullback, ETH still dey up nearly 15% for August after 49% surge for July. Meanwhile, altcoins show say dem resilient during Bitcoin price correction, wey show say capital rotation dey continue. Traders dem dey urged to watch market signals sharply and make dem patient until clear bullish momentum show.
Bearish
Di call make pesin dey patient as price correct come reach $4,233 and fit go down to $4,100 dey make market dey cautious. For history, this kain pullback wey follow strong rally dey make market gather body, e dey stop people from enter again until dem sure say momentum don confirm. Even though altcoin rotation dey help small, how traders feel now still be bearish as dem dey wait clear buy signs. For long term, Ethereum fundamentals make them get bullish hope, but for short term, volatility and risk of dip go dey run how people trade.