Ah, Ethereum has climbed above $4,200-a price not seen since the days when people still believed NFTs were just a passing fad. How quickly times change.
Key Support levels: $4,000 (because apparently, even cryptocurrencies need therapy).
Key Resistance levels: $4,862 (or as I like to call it, “The Summit of Hubris”).
Bulls Eyeing the Moon-Again
Here we are, reliving history. The last time ETH reached these heights, everyone was busy buying Dogecoin because Elon Musk tweeted about it. Now, the bulls are back, flexing their muscles and aiming for the all-time high at $4,862. One wonders if they’ve considered that breaking records doesn’t necessarily mean good things will follow. But who am I to judge? Perhaps this is how legends are made-or bankruptcies announced.
Bulls Have Taken Over the Chart-and Probably Your Portfolio
Since April, Ethereum has been on an unstoppable march upward, pausing only briefly to catch its breath before continuing its ascent. Sellers tried to hold the line at $4,000 in early August, but alas, they failed miserably. Now, $4,000 stands as a fortress of support, daring bears to try again. Spoiler alert: they won’t succeed. Bears never do; they’re too busy hibernating.
The MACD Says Everything Is Fine-No, Really!
If you squint hard enough at the weekly MACD chart, you’ll see a clear uptrend with no signs of slowing down. Higher highs? Check. Expanding moving averages? Double check. It’s almost poetic, isn’t it? Or maybe it’s just another bubble waiting to burst. Either way, Ethereum seems determined to collide with its ATH at $4,862. Let us hope it arrives there gracefully, unlike most of us after one too many financial decisions.
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2025-08-11 12:36