Ah, Ethereum, that capricious muse of the markets, has once again stirred from its slumber, ascending with the grace of a summer breeze above the $3,200 mark. Now, it lingers, as if contemplating its next grand gesture, perhaps a pirouette toward $3,300. But will it? Or shall it falter, like a poet who has lost his rhyme? 🌬️✨
- Ethereum, with a flourish, breached the $3,150 and $3,200 thresholds, as though they were mere trifles.
- It now glides above $3,220, accompanied by the 100-hourly Simple Moving Average, its faithful companion.
- A bullish trend line emerges, a silent guardian at $3,200 on the hourly chart of ETH/USD (courtesy of Kraken, that venerable oracle of numbers).
- Should it clear the $3,265 zone, the stage may be set for a dramatic ascent. 🎭🚀
Ethereum, like a protagonist in one of my novels, began its journey anew after settling above the $3,120 zone, much like its comrade, Bitcoin. With a surge of vigor, it overcame the $3,200 and $3,220 resistances, as though they were but minor obstacles in its path.
The bulls, ever zealous, propelled it toward $3,300, reaching a zenith at $3,299. Now, it pauses, consolidating its gains, as if catching its breath before the next act. A modest retreat tested the 50% Fib retracement level, a mere interlude in its grand performance.
Currently, Ethereum trades above $3,220 and the 100-hourly Simple Moving Average. And there, like a silent sentinel, stands the bullish trend line at $3,200. Should the bulls hold their ground below this threshold, another ascent may be in the cards. The immediate resistance looms at $3,265, with further barriers at $3,280 and the formidable $3,300.
A decisive breach above $3,300 might herald a march toward $3,350, and perhaps, in the fervor of the moment, even $3,450 or $3,500. Ah, the dreams of the optimist! But let us not forget the skeptic’s caution. 🌟💭
Should Ethereum falter at $3,265, a descent may ensue. The first line of defense lies at $3,220, or the 61.8% Fib retracement level. Beyond that, the trend line at $3,200 stands as a bulwark. A fall below this could lead to $3,120, and further still, to the $3,050 region. A tragedy, perhaps, but one not without its dramatic flair. 🎭😱
Technical Indicators
Hourly MACD – The MACD for ETH/USD wavers, its bullish fervor waning, like a lover’s passion in the face of doubt. ❤️🔥
Hourly RSI – The RSI, now above 50, suggests a lingering optimism, though one must always beware the whims of fate. 🤔
Major Support Level – $3,200, a fortress against the tides of uncertainty. 🛡️
Major Resistance Level – $3,265, the gatekeeper to greater heights. 🚪
Read More
- SOL PREDICTION. SOL cryptocurrency
- CNY JPY PREDICTION
- BTC PREDICTION. BTC cryptocurrency
- ETH PREDICTION. ETH cryptocurrency
- EUR USD PREDICTION
- USD VND PREDICTION
- EUR RUB PREDICTION
- XMR PREDICTION. XMR cryptocurrency
- USD INR PREDICTION
- GBP CHF PREDICTION
2026-01-07 06:24