Ethereum Breaks Below $4,500 — Short-Term Downside Risk

I see Ethereum has dropped below $4,500, which marks a breach of a key psychological level and signals near-term bearish pressure.

From my view, this move increases the probability of further downside if the market fails to reclaim $4,500 quickly — intraday volatility and elevated selling volume would likely push price toward the next visible supports around $4,200–$4,000.

I’m watching confirmation signals (volume, failure to regain the level) before adding exposure; in the short term I would favor trimming longs or using tighter risk controls rather than initiating new long positions.