Ethereum’s Price Drama: Will It Rise or Just Keep Crying? 🤔

by

Well, folks, it’s that time again! All top 10 coins are in the red zone today, according to CoinMarketCap. I guess they didn’t get the memo that we’re supposed to be in a bull market. 🐂💔

ETH/USD

So, Ethereum (ETH) has decided to take a little dip, down by 3.51% over the last 24 hours. It’s like watching your favorite show get canceled—just when you thought it was getting good! 📉

On the hourly chart, ETH is trying to make a comeback to the local resistance of $2,756. If the bulls keep up their pressure, we might just see a test of the upper level by tomorrow. Or, you know, it could just decide to take a nap instead. 🐂💤

Looking at the bigger picture, the situation is as neutral as a cat at a dog park. The main altcoin is just accumulating energy for a further move, like a toddler before a tantrum. 🎈

Since neither side has taken the lead yet, we’re likely stuck in a consolidation range of $2,600-$2,800. It’s like being in a relationship where you’re not sure if you’re dating or just sharing snacks. 🍕🤷‍♀️

From a midterm perspective, it’s way too early to make any bold predictions. The volume is low, which means the chances of seeing any sharp moves by the end of the month are about as likely as finding a unicorn in your backyard. 🦄

As of now, Ethereum is trading at $2,722. So, keep your fingers crossed and your wallets ready! 💸

Read More

2025-02-18 17:55