Ethereum’s Stalled at $3,063: Is This the Bounce or Just a Really Bad Date? 🤔

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So, Ethereum decided to play hard to get-rallying a modest 14% since tumbling down to $2,623 on November 21st. Fancy that! It’s like the coin’s way of saying, “Hey, I’m bouncing back!” but then immediately hitting a speed bump at $3,063. It’s almost as if it’s testing our patience or just really loves kicking us in the wallet.

This $3,063 level? Oh, just a “big deal” swing point-nothing to see here, folks. Just a crucial resistance that makes traders curl up in fetal positions or jump for joy. Depends on the day, really.

Looking at the big whales-yes, those giant ETH transpeople-the 10k-100k ETH cohort has been secretly stacking since June. Apparently, they’ve been preparing for the new Ethereum digital asset treasury idea – led by none other than the elusive Bitmine Immersion [BMNR]. Because nothing says “I believe in crypto” like heavy bag holding and vague treasury plans.

Meanwhile, the middle-tier holders (100-10k ETH) are flipping their coins-selling off recently, which screams lack of faith. Or maybe just someone trying to buy a yacht? Who am I to judge?

And a quick shoutout to the ETH ETFs-those shiny, new investment toys. They saw a surge of inflows, but it wasn’t enough to turn the tide of November’s outflows. Apparently, October was just too sad to ignore.

So, what now? Will Ethereum stage a comeback next week or just sulk beneath $3k like a moody teenager?

Could Ethereum’s Next Week Be the Charming Comeback? 🤞

On the weekly chart, Ethereum’s mood is still basically “I got this,” despite taking a little nap from $4.9k to $2.6k. The swing points (those orange lines for the uninitiated) suggest as long as it doesn’t drop below $2.1k-no biggie-bullish trend remains intact. But if it drops below that, well, we might be singing a different tune.

The four-hour chart? Not so optimistic. Despite the rally, it’s got a bearish vibe-like that friend who says, “It’s fine,” but clearly isn’t. A little push past $3,063 failed, and the price slipped a tad, showing buyers aren’t exactly throwing money at the screen. Volume’s low, buying pressure’s faint-basically, the crypto equivalent of trying to start a fire with damp matches.

But hey, not all doom and gloom! The rejection from the resistance wasn’t brutal. Maybe it’s a sign everyone’s accepting the current reality and just waiting for the next move? If Ethereum can poke above $3,063 and hold it as support, we’re looking at a potential run to $3.4k, where things get spicy again. The red highlight? That’s the “danger zone”-the area where bears have been pretty comfy since late September.

Wrapping It Up: The Moral of the Story (or Just Speculation) 🤡

  • If Ethereum manages to punch through $3,063, expect some traders to get excited and target $3.5k-because what’s life without a little hope?
  • While the weekly chart looks somewhat optimistic, don’t get too comfy-$3.5k might give the bulls a run for their money, so it’s probably a good spot to set your take profits and walk away smiling.

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2025-11-30 16:11