Ethereum Fall Down Pass $4,400 for OKX; Technical Support Still Hold
For August 16, Ethereum drop under $4,400 for OKX market, e dey trade for $4,394.48 after e drop by 0.8% for one day time. Dis pullback show say crypto market dey more volatile as traders dey balance how dem go take profit before network upgrades with positive market feeling. Even though e drop, technical indicators still dey supportive as main moving averages still dey hold pass current levels. Traders suppose dey watch volume and price movement around $4,350 support level to see if e go good to enter. Overall, dis dip show how volatile Ethereum be and fit give short term buying chances.
Bullish
Even tho Ethereum drop below $4,400 for OKX with intraday fall of about 0.8%, di main technical indicators and moving averages still dey support pass di current level dem. Di pullback don cause market gbege, but e also show clear support zone at $4,350. Traders wey dey watch volume and price action for dis level fit see better short-term entry points. Di balanced mix of profit-taking and bullish sentiment before network upgrades show say rebound fit happen, which make di overall impact for Ethereum price small bullish for short and medium term.