ETH Price Dips Below $4,000 on OKX, Targets $3,900/$4,100
Ethereum price briefly fell below $4,000 on October 16, trading at $3,993.75 on OKX, and dipped again to $3,991.62 by October 21. After a modest 0.31% gain on October 16, ETH posted a 0.31% intraday loss, reflecting slight selling pressure. Traders may watch psychological levels—$3,900 for support and $4,100 for resistance—as Ethereum price remains volatile.
Neutral
In the short term, Ethereum’s dip below $4,000 and modest intraday loss of 0.31% indicate slight selling pressure, suggesting traders may look for a bounce at the $3,900 support level or a breakout if buyers push above $4,100. The repeated tests of these psychological thresholds point to a range-bound market, offering intraday trading opportunities around these levels. Over the longer term, as Ethereum holds near $4,000 despite minor fluctuations, its price action appears neutral until a decisive move confirms a bullish recovery above $4,100 or a bearish breakdown below $3,900. Overall, this balanced pressure implies a neutral market stance for ETH, pending a clear directional catalyst.