Ethereum Price Dips Below $4,100 on OKX as Volatility Grows
Ethereum price on OKX dipped below $4,100 in consecutive sessions, trading as low as $4,087.77 (-2.22%) and $4,098.88 (-1.61%) amid heightened market volatility. Selling pressure intensified as Bitcoin and broader altcoin markets also faced downturns, while overall trading volume remained stable.
Ethereum price support at $4,100 has been breached, raising caution for short-term holders eyeing a floor near $4,000. Traders are monitoring resistance around $4,200, macro triggers such as US economic data and Bitcoin trends, and upcoming Ethereum network upgrades to gauge the next price direction.
Bearish
The consecutive dips below the $4,100 support level on OKX, combined with stable trading volume and mounting selling pressure, indicate sustained bearish momentum in the near term. Short-term holders face heightened downside risk toward the $4,000 floor as key technical thresholds are breached. Although upcoming network upgrades and macroeconomic catalysts like US data and Bitcoin trends could offer longer-term support, the current market sentiment and technical breakdowns suggest a predominantly bearish outlook for Ethereum price.