Ethereum drop below $4,300 as HYPE and SUI dey lead altcoin sell-off
Ethereum drop down below $4,300 make yawa for altcoin market as plenty dem start to sell for low trade volume. HYPE and SUI suffer pass as dem slide over 15% because market mind dey turn bad. Bitcoin hold near $50,000 but Ethereum fall below $4,300 make everybody fear short-term resistance levels again. Total crypto market cap drop by about 3%, traders talk say na Ethereum dip cause am. Analysts dey warn say if Ethereum no fit hold above critical support zone, e fit make downfall spread enter other tokens. Market people dey watch on-chain activity and the protocol updates wey dey come for signs say market go juicy again.
Bearish
Di Ethereum wey drop under $4,300 start beta correction for many altcoins. HYPE and SUI, because dem dey very volatile, lead am as traders dey try reduce risk. For history, when Ethereum fall down under important support levels, altcoins dey usually drop more. For short term, market go still dey pressured until Ethereum fit stabilize pass im critical zone. For long term, di protocol upgrades and on-chain metrics wey dey come go help decide if dis pullback be deep downturn or just small consolidation phase.