PANews August 18 news, blockchain consulting and investment company Moonrock Capital founder Simon Dedic tweeted that Ethereum's recent 10% pullback from its peak is a healthy adjustment. He pointed out that Ethereum has achieved a 300% increase in the past three months, and if it retests the $4000-$4100 range and rebounds strongly, it will be a typical bullish confirmation.

He emphasized that the more frequently Bitcoin, Ethereum, and other crypto assets change hands during the uptrend, the more sustainable the rise will be. Dedic urged investors not to lose confidence due to minor fluctuations and firmly believes that the market is still in a bull market phase.