Ethereum, that rambunctious sprite, has found its feet above the charming $3,350. With a glint in its eye, Ethereum appears positively chipper but must face the titan known as the $3,720 resistance. 🧙♂️💸
- Ethereum, in a move as surprising as Mr. Hopscotch, leapt above the somewhat ordinary $3,350 and $3,400.
- The price joyfully frolics above $3,500 and, for kicks, the 100-hourly Simple Moving Average.
- With a dash of magic (and Ms. Calculatrix’s assistance), it soared above a pesky bearish trend line rattling its chain at $3,350 on the hourly chart. (Data cheerily provided by the clever folks at Kraken.)
- Should this plucky pair clear the $3,720 barrier, off it goes, soaring to heights perhaps even Mr. Fox hasn’t dared dream of.
Twirling Toward Recovery
Ethereum, much like its dependable sibling Bitcoin, managed to hang onto its marbles above the precarious $3,200, igniting a recovery fête. It danced away joyful from the $3,350 and $3,400 barricades.
With a charming twist and shout, it toppled the bearish trend line oaf at $3,350 on the ETH/USD hourly chart-quite the spectacle! The daring duo stepped past the 50% Fib retracement level of the downward expedition from the $3,920 peak to the $3,058 low, whisking the price above $3,620!
Now, the lively Ethereum is prancing above $3,550 and enjoying the view from atop the 100-hourly Simple Moving Average. If this teapot storm creates another wave, the $3,650 level may crash the party as resistance. The pièce de résistance: the grand $3,720 level, and the sly 76.4% Fib retracement level from that thrilling escapade.
The opening act in this resistance butler’s station is the $3,750 level. Should ETH boldly trample the $3,750, it might take a leisurely saunter toward $3,820. A triumphant breakthrough here could mean a flurry of gains in the coming days-possibly pushing this mischievous creature to the $3,880 marker or oh, that’s right, the $3,925n lofty heights.
A Return to the Shadows
Yet, if Ethereum decides to belly flop past the $3,650 marker, it might face the bitter cold of another decline. A smidge below the $3,500 checkpoint may unfold a descent, where it could cool down at the $3,580 gangway. Oh, the audience gasps as it then skids toward a lowly embrace at $3,450. Further folly might send it lumbering toward the $3,350 region.
The next clandestine rendezvous points sit shyly at $3,250 and $3,220.
Technical Indicators
Hourly MACD: The MACD for ETH/USD is grinning and gaining muscle in the cheerful, bullish zone.
Hourly RSI: Now gallantly above the 50 zone, because who doesn’t like a confident critter?
Major Support Level: $3,500
Major Resistance Level: $3,650
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2025-11-10 06:24