Oh, what a week for Ethereum-surges 8.28% in 24 hours, wiping away Friday’s crypto catastrophe like it never happened. Blame it on Trump chit-chatting with China, calming those trade war jitters, and loosening everyone’s wallets for risk. Plus, a whopping $19 billion in liquidations flushed out the over-leveraged fools, paving the way for this rebound. Traders are back like moths to a flame, piling into ETH near those oh-so-psychological support zones. As if crypto isn’t confusing enough, now we’re at a “pivotal crossroads”-great, just what I need. 😂
Ethereum’s revenge rally? Fueled by macro magic and trader stupidity. You know, when giants pull coins off exchanges, it’s like they’re hiding the candy from kiddos. Steep outflows usually scream “relief rally incoming,” because who wants to sell when everyone’s panicking? Typical crypto nonsense.
ETH Spot Inflow/Outflow:
CoinGlass data is spelling doom-or is it?-with September and early October net outflows hitting a 7-month low. Exchange balances are tanking, meaning big players are yanking ETH off the platform like it’s a bad date. Long-term holders get greedy, short-term traders regret life choices. Net result? Less supply for spot buyers, which you think would help, but nah, it’s just more drama. 🤔
Yeah, those coins migrating off exchanges? Less selling pressure, they say. I say it’s hedge funds playing musical chairs again. Will Ethereum rise? Ask the magic Fibonacci bean counters. 🙄
ETH Price Action:
ETH’s price clung to that 50% Fib at $4,111 and the 200-day SMA near $3,116 like a koala on a eucalyptus branch. Stopped the bleeding after Friday’s low, sprang back 20%. MACD histogram at -44.48 whispers bears are packing it in, RSI at 46.85 says not oversold enough for my taste. Indicators- ha, as if they mean anything. 📉
Technicals are next: Eyeing $4,265 at the 38.2% Fib resistance. Break above? Zoom to $4,455, maybe. But watch profit-taking-because of course, everyone wants to cash out and ruin the fun. Traders, you’re on your own, I’m just observing this circus. 🤡
FAQs
Why did Ethereum price bounce so sharply this week?
Trump’s China chat fanned the flames of risk, and $19 billion in liquidations unclogged the oversupply drain. Call it cleanup day in crypto land-now everyone acts surprised it worked. 🤨
What ETH price levels should I watch now?
Supports? $4,111 and $3,116, don’t lean too hard. Resistance at $4,265; break it for $4,455 dreams. But c’mon, this is gambling, not investing. 😏
Does spot outflow mean ETH will keep rising?
Heavy outflows hint at less dumping and strong conviction, maybe. But clearing $4,265 resistance is key-or it’s all downhill from there. Skeptical? You should be. 🚀
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2025-10-13 12:09