ETH fell below 4,300 USD on August 29, trading at 4,295.60 USD, down 4.64% from the previous day.

Data from the report on August 29 shows that this drop was recorded in trading data; the article summarizes the developments, consequences, and proposed actions for investors.

MAIN CONTENT

ETH traded at 4,295.60 USD on August 29, down 4.64% from the previous day.

The price has fallen below the threshold of 4,300 USD according to trading data.

The article analyzes the short-term consequences and suggests risk management for investors.

How much has ETH decreased on August 29?

Answer: ETH was recorded trading at 4,295.60 USD, down 4.64% from the previous price on August 29.

According to the report data on August 29, this decrease brought the ETH price below the threshold of 4,300 USD. The figure 4,295.60 USD reflects the trading price on the exchange cited in the report at that time.

What does it mean for the price to drop below 4,300 USD?

Answer: This is a sign of short-term price volatility, which can affect market sentiment and trading decisions.

The record shows that the price dropped more than 4% in one day, corresponding to a significant technical adjustment. Investors often view round thresholds like 4,300 USD as psychological support/resistance levels; surpassing them can trigger short-term selling or position adjustments.

Is there a specified reason for the drop?

Answer: The report on August 29 did not provide specific reasons for the price drop.

Due to the original content only recording prices and the rate of decrease, without accompanying factors causing it. Identifying reasons often requires deeper analysis of trading data, general market developments, or relevant information from news sources and detailed reports.

How should investors act when facing this volatility?

Answer: Reassess risk management and investment goals, avoiding decisions based on emotions stemming from short-term fluctuations.

When cryptocurrency prices fluctuate significantly in a day, investors should check their positions, use stop-loss orders if appropriate, and consider reallocating their portfolios according to their risk tolerance. Decisions should be based on an investment plan, not just on temporary price fluctuations.

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