In a surprising turn that would have startled even Aunt Agatha at her most unflappable, the price of Ethereum has gathered its courage and is vaulting beyond the $1,800 region. ETH is now rather like a cat stalking a plump goldfish, eyeing that pesky $1,850 resistance with ill-concealed intentions. 🧐
- Ethereum, never one for half-measures, has embarked on what the more bullish of its admirers are calling a ~recovery wave~ (and the less bullish, a polite cough) right above the $1,820 mark.
- The price is currently perched on a lofty branch, well above $1,820 and the 100-hourly Simple Moving Average—whatever that means to those not born in a statistics textbook.
- A friendly bullish trend line is appearing at $1,810 on the hourly chart of ETH/USD, lending support like a kindly butler in times of financial distress.
- The crowd awaits, monocles trembling, to see if the price can finally hop over that stubborn $1,850 fence without catching its trousers.
Ethereum Price: Propped Up Like a Reclining Duke
Ethereum fans take heart—much like the dowager goddess of fortune stretching after a nap, the price valiantly clambered past $1,780, emulating that other crypto chap, Bitcoin. ETH showed gusto above the $1,800 resistance, convincing several impressionable onlookers that the party is indeed not over.
Bulls—those indefatigable optimists—managed to shoo the price above the halfway mark between the $1,872 high (so lofty as to induce nosebleeds) and the $1,752 low (best not spoken of in polite company). Plus, the bullish trend line is holding like Jeeves’ best umbrella at $1,810.
Currently, Ethereum is prancing above $1,820 and is enjoying the gentle breezes atop the 100-hourly Simple Moving Average. However, the $1,840 checkpoint and the infamous 76.4% Fib retracement are forming a barricade, arms crossed and unimpressed. Typical.
The next significant intruder is that $1,850 resistance—always the party pooper. After that, the $1,920 mark may make a cameo. Should ETH manage a grand leap above $1,950, one suspects it will throw caution to the wind and sally forth toward $2,000, possibly even $2,050, with all the bravado of a butler late for tea.
Will ETH Take a Nosedive? Hold Onto Your Top Hat!
If Ethereum finds the $1,850 resistance as impenetrable as the rules at the Drones Club, a downtick might be on the menu. First, a humble descent to $1,825, then, if the fates are unkind, a slide to $1,810, where the noble trend line awaits with open arms and probably a faint sigh.
Should ETH slip farther—say, past $1,810—expect a detour to $1,780, and if the going truly gets tough, a picnic at $1,750 (bargain hunters, assemble!). The next redoubt stands at $1,665, for those who enjoy collecting round numbers and broken dreams.
Technical Titbits:
Hourly MACD – Absolutely brimming with bullish bravado; could almost outpace Jeeves on a good day.
Hourly RSI – Swaggering around above 50, as if it owns the place. 🎩
Major Support Level – $1,810 (firm handshake, stiff upper lip)
Major Resistance Level – $1,850 (opinionated, not easily impressed)
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2025-05-08 06:57