Ethereum Correction Dey Come: Whale Dem Dey Buy, Upgrades & RSI Peak
Wahala dey as Ethereum correction don dey increase since ETH don rush near $4,000, e reach overbought Relative Strength Index (RSI) levels, wey make short-term traders begin collect profit. Technical analysis talk sey e fit drop back to about $3,400, wey fit make altcoins lose up to 20%. For ETH/BTC pair, if e fit close steady pass 0.027 BTC, next target fit be around 0.05 BTC because market still dey volatile. But big whale accumulation, corporate interest wey dey grow, plus network upgrades wey dey come — like proto-danksharding and full Proof-of-Stake implementation — fit help reduce Ethereum correction. Traders dem suppose set stop-loss orders, take some profits, do dollar-cost averaging (DCA), and diversify their portfolio to manage risk during the expected consolidation period.
Bearish
Di tori dem tok say Ethereum go correct soon because di RSI dem don overbuy and pipo dem dey take profit, dis mean say ETH price fit drop small for short time. Di technical signs like say e fit test support around $3,400 and di ETH/BTC pair dey volatile, make pipo dey cautious. Even though network upgrade and big whale dem dey buy more, e still get medium-term good signs. Traders suppose ready for drop and more wahala in price. So, for short term, di fear say Ethereum fit correct big, e dey make di market likely go down till e settle well.