– Ethereum dropped below $4,400 on August 18 amid SharpLink’s $103M loss and U.S. inflation concerns, triggering synchronized selling in DeFi tokens.
– Whale activity surged with $280M in ETH purchases, signaling potential long-term bullish sentiment despite short-term volatility.
– Technical analysis highlights $4,400 as critical support; a rebound could push ETH toward $4,785, while a break below $4,170 risks deeper correction to $3,950.
– Institutional interest remains strong, with analysts suggesting recovery potential if key support holds amid stable fundamentals and macroeconomic headwinds.