Oh, what a surprise! The cryptocurrency market is playing possum today, says CoinStats with a yawn. 🦥
ETH/USD
The price of Ethereum (ETH) is as stagnant as a pond on a windless day.
On the hourly chart, the ETH rate has done a little dance, bouncing back from the local support of $1,854. If the daily bar closes with a yawn, traders might just see a little jog up to the $1,900 area by tomorrow. 🕺
Looking at the daily time frame, the bulls seem to be napping. If they want to wake up and restore their lost glory, they’ll need to push the price back above the magical zone of $2,000. 🐮
If they do, we might just see a curious peek at the resistance of $2,152. 🧐
From the midterm point of view, the buyers are as ready for a reversal as a sloth on a Sunday. Falling volume suggests they’re still in bed, not enough energy to even roll over. So, expect more of the same old sideways shuffle in the range of $1,800-$2,000. 🚶♂️
Ethereum is currently trading at $1,881, just sitting there like a bump on a log.
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2025-04-02 17:29