Ethereum Drops Below $4,500 — Watch for Confirmation or Weakness
Ethereum has slipped below $4,500, breaking a near-term support level and increasing short-term volatility. I'm watching price action closely for confirmation — a sustained close below $4,500 would imply more downside, while a quick reclaim could signal a resumed uptrend.
I still see Ethereum's medium-term fundamentals as intact, but momentum is cautious. I expect traders to probe lower supports in the $4,100–$4,200 area before buyers return decisively.
I'll wait for clear technical confirmation or use disciplined, staged entries on weakness rather than adding aggressively here.
Analysis
Recommendation
Watch price action and avoid new aggressive longs now. Consider staged buy-on-weakness near $4,100–$4,200 or wait for a sustained reclaim above $4,500 before initiating fresh positions.
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.