Hey, remember me? DonAlt, the guy who kinda saw XRP’s wild ride from $0.70 to $3.50 coming? Well, I’m back, and this time I’ve got some thoughts on Ethereum’s latest hiccup. Spoiler alert: I’m not exactly jumping off a cliff over it. 🤷♂️
So, what’s the deal? Ethereum took a little tumble from its stratospheric heights above $3,600, and suddenly everyone’s losing their minds on social media. In the last 24 hours, nearly $197 million worth of ETH positions got liquidated, mostly from those optimistic long players. Drama city, population: everyone. 🌟
But here’s the thing, folks. Take a gander at the chart. It’s not exactly a horror show. Sure, there’s been a bit of a pullback, but guess what? It’s still nestled comfortably within a larger uptrend. This is not the end of the world. 🌍
Ethereum’s still floating well above its June high-water mark, and even with a dip into the mid-$3,400 range, the overall trend hasn’t taken a nosedive. We’re talking about an asset that soared over $1,000 in less than three weeks, and this little retracement is pretty standard fare for a bullish cycle. Nothing to see here, people. 🙄
I find it kinda funny that this is what all the panic on here is about
The least dramatic drop ever
— DonAlt (@CryptoDonAlt) July 24, 2025
And just so we’re clear, none of the key support levels, like $3,300 or the $3,080 zone, have been breached. The broader market has seen over $500 million in liquidations across the board, and Bitcoin is also showing some signs of cooling down. But let’s be real, this isn’t the kind of rapid reversal we usually witness.
Based on my track record, which includes nailing that XRP call, I’m inclined to think that this ETH price dip is more of a breather than the beginning of a full-blown meltdown. The frantic reactions on social media are probably just a reflection of short-term jitters rather than any significant shift.
At the moment, Ethereum is still trading about 80% higher than its Q2 low point, and the bullish structure remains intact. Unless we start seeing deeper levels being tested and broken, this looks more like a typical pause in a bull market than a collapse. So, take a deep breath, and maybe a sip of your favorite drink. 🥃
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2025-07-24 17:00