Ethereum price don fall 10% as dem dey test key support for $4.2K and $3.8K
Ethereum price drop about 10% after e hold gimme reject near im all-time high wey be $4.8K, e dey follow Bitcoin recent wahala for market. For daily chart, people wey wan take profit and people wey dey unstake start heavy selling, e push ETH go back middle of the ascending channel plus the $4.2K demand zone. If e break below $4.2K, e fit target $3.8K wey be consolidation base, plus the bearish RSI divergence gidigba. For 4-hour chart, dem hunt for liquidity near $4.8K make stop orders run before sharp reversal show face. Now, ETH dey consolidate between $4.2K and $3.8K supports, traders dey watch to see if e go break out sharply. Until dem see am, market go still dey shake plenty because of dem competing for liquidity and false breakout risks.
Neutral
Di neutral outlook mean say Ethereum price dey hold key supports wella without any clear breakdown or breakout. Normally, similar 10% pullback after dem grab liquidity close to all-time high, e dey lead to consolidation phase before e start trending up again. Right now, the price dey test $4.2K midline and $3.8K demand zone, e dey show pattern wey resemble old ones where RSI divergence talk short-term correction but e no spoil the overall bullish trend. Traders suppose expect say volatility go still dey because market dey hunt for liquidity and dey wait for clear structural confirmation. Short-term price movement fit increase around these levels, meanwhile long-term investors dey watch for strong rebound wey go pass old highs to strengthen bullish momentum.