🚀 ETH’s Wild Ride: $4K or Bust? 🌕💸

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Ah, Ethereum, the plucky little blockchain that could. It’s been gallivanting above the $3,880 zone like a wizard on a broomstick, and now it’s eyeing the $4,000 mark with the determination of a troll after a shiny coin. 🧙♂️✨

  • Ethereum decided to climb like a goblin up a gold mine, breaking past $3,820 and $3,880 with the grace of a drunk bard on a stage. 🧝‍♂️🎭
  • It’s now hovering near $3,800, clinging to the 100-hourly Simple Moving Average like a witch to her cauldron. 🧙‍♀️🍵
  • Alas, a key bullish trend line snapped like a cheap wand, with support at $3,800 on the hourly chart of ETH/USD (courtesy of Kraken, the kraken of crypto data). 🐙📊
  • If it stays above $3,720, it might just start another ascent, like a phoenix rising from the ashes of its own indecision. 🐦‍🔥

Ethereum’s Price: A Dance of Gains and Corrections

Ethereum, ever the optimist, stayed above $3,720 and began a fresh climb, much like a certain other cryptocurrency whose name rhymes with “schmitcoin.” It breezed past $3,800 and $3,850 like a thief in the night. 🌙🕶️

It even flirted with $3,920, peaking at $3,939 before deciding, “Nah, let’s take a breather.” Now it’s correcting gains, dipping below the 23.6% Fib retracement level like a dip in a goblin’s treasure hoard. 🧌💎

Oh, and that bullish trend line? Broken. Support at $3,800? Cracked. Now it’s trading near $3,800 and the 100-hourly SMA, looking as uncertain as a wizard without his spellbook. 📉🧙♂️

On the bright side, resistance at $3,820 is next, followed by $3,840 and the big kahuna, $3,880. Break that, and it’s off to $3,940 like a bat out of the Ankh-Morpork dungeons. 🦇🏰

Ethereum’s wild ride chart

If it smashes through $3,940, the sky’s the limit—or at least $4,000. Heck, it might even hit $4,120, because why not? 🌕🚀

But Wait, There’s More: The Drop That Could Be

If Ethereum can’t clear $3,820, it might tumble like a drunk dwarf down a hill. First stop? $3,720. Then $3,700, because why not add a bit more drama? 🧓🍻

Break below $3,700, and it’s off to $3,650. Keep going, and $3,550 is next. And if the gods of crypto are truly cruel, $3,420 awaits. 🤦♂️💔

Technical Indicators

Hourly MACD – The MACD is losing steam in the bullish zone, like a wizard running out of magic after a long day of spellcasting. 🧙♂️🔋

Hourly RSI – The RSI is below 50, as indecisive as a Discworld politician. 🗳️🤔

Major Support Level – $3,720 (the last line of defense before the abyss). 🛡️

Major Resistance Level – $3,820 (the gate to glory, or at least more gains). 🚪✨

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2025-07-29 07:19