Ah, the Ethereum price, steadfast as a stubborn calf grazing in the fields of the financial tundra. Binance, the grand marketplace of digital riches, seems to be shedding its Ethereum stash faster than a bald man loses hair in a hurricane. Could this be the harbinger of a rally? Or perhaps just another tantalizing tale spun by the crypto gods? 🤔
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While the short-term signals of the 10- and 20-day moving averages point to weakness, the 30-, 50-, 100-, and 200-day moving averages all lean bullish, reflecting consistent long-term strength-like the sturdy backbone of a seasoned ox.
Ethereum may target $4,600 if it can overcome resistance at $4,480. If selling pressure increases, a deeper correction is likely. Failure to hold above $4,240 could open a move toward $4,050-like a ship veering off course into stormy waters.
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2025-09-05 12:54