Oh, Ethereum, you fickle darling. Just when we thought you were ready for your $4,630 close-up, you decided to take a nosedive. 🌊✨ Now, the bears are having a field day, and we’re all like, “Girl, get it together!”
- Ethereum’s like that friend who can’t commit to a brunch plan-struggling to settle above $4,630. 🥂💔
- Trading below $4,580? Check. Below the 100-hourly Simple Moving Average? Double check. 📉✨
- And let’s not forget that dramatic break below the rising channel at $4,600. Someone call the crypto therapist! 🛋️💔
- Unless there’s a close below $4,460, we might see a comeback. But honestly, who knows? 🤷♀️✨
Ethereum’s Hurdles: Because Life’s Not Easy, Even for Crypto
So, Ethereum decided to take a little vacation to the $4,310 zone, just like Bitcoin. 🌴✈️ But then, plot twist! It found support and started climbing again. Because, you know, drama.
It even flexed past $4,400 and $4,420, clearing the 23.6% Fib retracement level like it was no big deal. But then the bears showed up at the $4,630 resistance party, and it was all, “Nope, not today.” 🐻🚫
The 50% Fib retracement level? Acting like the bouncer at an exclusive club. And that break below the rising channel? Total mood killer. Now, Ethereum’s trading below $4,580 and the 100-hourly SMA, looking like it needs a hug. 🤗💔
On the bright side, if it can get past $4,580, maybe-just maybe-it’ll make it to $4,630. But let’s not get our hopes up. The first major resistance at $4,710 is like that ex who keeps ghosting you. 👻💔
If Ethereum does manage to break above $4,710, it might head toward $4,820. And if it’s feeling extra spicy, maybe even $4,880 or $5,000. But let’s be real, it’s probably just going to overthink it and stay in bed. 🛌✨
More Losses? Because Why Not?
If Ethereum can’t get its act together and clear $4,630, it’s going to keep sliding down. First stop? $4,460. Then $4,420. And if it’s really feeling dramatic, maybe all the way to $4,310. Because why stop at one meltdown when you can have a whole series? 🎢💔
Technical Indicators: Because Numbers Don’t Lie (But They Do Judge)
Hourly MACD – Gaining momentum in the bearish zone. Basically, it’s like that friend who’s always negative. 🙄✨
Hourly RSI – Below the 50 zone. So, yeah, not great, but not terrible. Just… meh. 🤷♀️✨
Major Support Level – $4,460 (The safety net that might or might not catch you.)
Major Resistance Level – $4,630 (The ex you keep trying to text.)
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2025-08-28 06:24