ETH Price Plummets! Or Does It? Mel Brooks Explains Crypto Chaos

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Well, slap my wallet and call me a hodler! Most of the coins are back in the green zone, but Ethereum? Oh, it’s having a little “me time” in the red, according to CoinStats. Because why follow the crowd when you can be the rebel of the blockchain?

ETH/USD: The Crypto That Said “Hold My Beer”

While other cryptocurrencies are moonwalking to success, Ethereum (ETH) decided to take a 0.48% nosedive since yesterday. It’s like it saw the green light and said, “Nah, I’ll take the scenic route to the bottom.”

But fear not, crypto comrades! Despite today’s little stumble, ETH is looking bullish on the hourly chart. It’s trying to fix itself above the resistance at $2,335. Because even Ethereum knows, “If you can’t beat ‘em, chart ‘em!”

If it succeeds, the upward move might just continue to the $2,400 zone tomorrow. That’s right, folks-Ethereum is the comeback kid of the crypto world!

On the longer time frame, ETH made a false breakout of yesterday’s low at $2,222. If the bulls keep up the pressure and the candle closes far from that mark, we could see a bounce to the $2,500 zone. Because nothing says “I’m back” like a good old-fashioned bounce!

From the midterm perspective, traders should keep an eye on the weekly bar closure in terms of the $2,152 level. If it closes far from it, there’s a chance we’ll see a correction to the $2,500-$2,600 range. Because in crypto, the only thing more predictable than volatility is the unpredictability of it all!

Ethereum is trading at $2,370 at press time. So, grab your popcorn, folks-this crypto rollercoaster is just getting started!

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2026-02-02 19:03