So, the crypto market’s decided to be all “bullish” today, apparently 🤷♀️ According to some website called CoinStats, anyway.
ETH/USD
Ethereum (ETH) is having a bit of a moment, up 2.4% in the last 24 hours. Like, woah, slow your roll there, ETH.
On the hourly chart, it’s basically clinging to this support level at $2,645. If it breaks free, prepare for a downward spiral to $2,600. Maybe grab your parachute 😅.
But hold on, because things get a bit “bearish” on the bigger picture. Close the daily bar around these prices or lower, and we might be heading for a dip down to $2,562 by the end of the week.
Midterm? ETH is stuck in this massive range, like a hamster on a wheel, between $2,132 and $3,028. Neither the bulls nor the bears can seem to decide who’s boss.
So, the most likely scenario? ETH staying in its comfy little box between $2,400 and $2,800 until the end of the month.
At the moment, it’s trading at $2,636.
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2025-02-13 18:07