Ethereum price drop 3.6% below $4,400, dey look $4,200 support
Ethereum price drop 3.6% for OKX, e don break the $4,400 support side, e dey trade close to $4,398. Dis kind move na show say selling pressure dey strong and e mean say market dey do consolidation after e recent high. Traders dey keep eye the next support wey be around $4,200 as Ethereum price dey struggle to hold above the key resist level. Technical indicators like moving averages and order-book depth dey show say bearish momentum dey. Market volatilità still high, e dey make crypto traders dey watch for intraday bounce back or even more risk for down side.
Bearish
Ethereum 3.6% intraday slide wen fall down pass di $4,400 support level mean say di selling pressure don increase and short-term bearish momentum dey. Di inability to hold di gains above di recent resistance levels, plus di technical indicators like moving averages wey dey go down and order-book depth wey dey thin, suggest say e fit drop more go $4,200. For short term, traders fit face more volatility and downside risk, but di long-term outlook depend whether Ethereum price fit climb back pass di key support zones and recover from dis consolidation phase.