Ethereum’s Price Dance: Will It Moon or Crumble? 🌙💥

by

Ethereum, that tipsy nobleman of the crypto realm, has stumbled into a fresh increase, prancing above $4,700 like a goat on a trampoline. ETH now waltzes in a correction, clutching its gains like a drunkard’s last coin-if it dares to clear $4,685, perhaps another ball of greed shall commence.

  • Ethereum now eyes a break above $4,650, where a bear market ghost whispers, “Not so fast, you overgrown toad!”
  • Price clings to $4,550 and the 100-hourly SMA, like a beggar to a soup bone.
  • A break below a bullish trend line at $4,660? The hourly chart weeps, “ETH/USD, you’ve betrayed us all!”
  • If ETH/USD settles above $4,650 and $4,685, a fresh rally may erupt-unless the Great Bear Market sneezes.

Ethereum’s Price: A Jester’s Gambit

Ethereum, after forming a base above $4,350 (like a toddler on a seesaw), ascended past $4,550 and $4,650, grinning like a fool. It even danced above $4,700, only to collapse into a heap of consolidation. A minor pullback? Merely a hiccup in its drunken waltz.

A break below the 23.6% Fib level? The market chuckles, “Ah, a minor stumble for a crypto king!” Meanwhile, the hourly chart’s bullish trend line at $4,660 crumbles like a stale cookie.

On the upside, resistance looms at $4,650, $4,685, and $4,700-each a gate guarded by crypto goblins. A break above $4,700? The price may gallop toward $4,750, then $4,820 or $4,880, if the Moon deigns to smile.

A Descent into Madness?

If Ethereum falters at $4,685, a plunge may follow. Support at $4,550? A shaky truce. $4,520? The 50% Fib level sighs, “Here we go again.” A fall below $4,520? The price may tumble to $4,420, $4,350, or the dreaded $4,270-where hope goes to die.

Technical Indicators: The Market’s Whispers

Hourly MACD – Losing momentum like a jester’s balloon. Hourly RSI – Below 50, the market yawns. Major Support – $4,550. Major Resistance – $4,685. The dance continues…

Read More

2025-09-15 06:24