Ethereum’s Daring Dance: Price Flirts with Downside, But Is There Hope? 💃📉

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Oh, darling! Ethereum, ever the dramatic diva, has decided to take a nosedive from its stunning peak of $3,850. Our dear ETH is now engaging in a delightful downward spiral, yet, fear not! Support bids may be lurking in the shadows at around $3,520, ready to catch it if it falls too hard.

  • Our beloved Ethereum has decided to tiptoe below the $3,770 threshold; how quaint!
  • At present, it’s mingling below $3,680 and has snubbed the esteemed 100-hourly Simple Moving Average—such audacity!
  • A rather ominous bearish trend line is forming, insisting on resistance at $3,670, like a stubborn bouncer at an exclusive club.
  • If it can keep its chin up above the $3,550 mark, dear ETH might just start a jolly detour upward.

Ethereum’s Endearing Resilience

Having failed to break free from the glamorous heights above $3,850, Ethereum has, like a well-trained performer, succumbed to the siren call of correction—truly a sight to behold. As it haphazardly treads downward, the darling has slipped below cherished support levels of $3,800 and $3,770.

In a move reminiscent of a clumsy waltz, the price dabbled below the 50% Fib retracement level, which was once a safe haven, but alas, it just couldn’t resist dipping below $3,660 and that revered 100-hourly SMA.

Nevertheless, those plucky bulls are striking poses around the 76.4% Fib retracement level—one must admire their spirit! The current state of affairs finds ETH lounging below $3,680, still reluctant to revisit its 100-hourly SMA.

On the brighter side, should it muster the courage to vault over the $3,670 resistance, the sky’s the limit! With major resistance waiting at $3,770, followed by a tantalizing $3,800, a heroic leap above that could drive the price soaring towards the $3,850 oasis.

Should our dear Ether break through the $3,850 resistance, we might just witness a delightful upward soiree, reaching for the illustrious $4,000 or even $4,200 in mere moments. How tantalizing! 🎉

Shall We Expect Another Descent for ETH?

If Ethereum decides to remain coy and can’t shake off that pesky $3,670 resistance, a charming decline may be on the horizon. Initial support awaits at the $3,600 threshold, with a more substantial cushion hovering near $3,570.

A resolute drop below the $3,570 support could send it careening towards a delicate $3,520 landing pad. Should things take a turn for the worse, we might gasp as it flirts with the $3,450 level. The next crucial safety net after that is a cheeky $3,320.

Let’s take a peek at the technical shenanigans!

Hourly MACD – The MACD for ETH/USD is losing its charm in the bearish zone—how dreary.

Hourly RSI – The RSI for ETH/USD is now slumming it below the 50 line—poor thing!

Major Support Level – darling $3,520

Major Resistance Level – that pesky $3,670

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2025-07-24 07:18