So, here we are. While Bitcoin (BTC) is busy playing defense like itās in a Super Bowl, Ethereum (ETH) is over here trying to keep its cool at $4,000-because who doesnāt love a good cliffhanger? Can the Ethereum bulls muster the strength to rise like a phoenix from the ashes, or are we more likely to see them spiral down like a sock caught in a dryer? Only time-and possibly a magic 8 ball-will tell! š¤
Can $4,000 support stop a 20% slide so far? Or should we just buy sweatpants for the fall?
Take a peek at the 4-hour chart for $ETH, where prices have been adhering to the magical rules of support and resistance as if they were following an ancient tome of financial witchcraft. If the bulls can keep the price above that sweet $4,000 level until the Stochastic RSI can drag itself off the floor and get its act together, we might be partying at the $4,200 resistance. Or at least, weāll enjoy some mediocre nachos in the meantime. š„³
But letās not forget, this price dance has been more of a cha-cha slide, with a lethal 20% drop looming like my last haircut experience. The bulls are sweating, waiting for a miracle-because if they’re going to prevent a free fall, theyād better hitch a ride on that upside price momentum train, pronto!
Momentum indicators reach bottom on the daily-doing the limbo, anyone?
Shifting to the daily chart, we see a clearer picture of what might happen next to our Ethereum buddies. If the price crashes through that precious support level, we might be looking at $3,800, which should align nicely with the 100-day SMA. Think of it as a cozy little cushion if the decline continues-like a supportive friend telling you that pizza isnāt ābadā for dinner⦠again. š
The only encouraging news? The daily Stochastic RSI indicators are just about due for a āget out of jail freeā card. But first, they need to crawl above the 20.00 level-so letās rally for them, folks!
Perfect retest of $4,000 to confirm support? More like, āIs this thing on?ā
Now letās shift to the weekly chart, where we can really get into the nitty-gritty. Ethereum peaked at a jaw-dropping $4,950 before it decided to play hide-and-seek with $4,000. How romantic! This level has been more resistant than your grandma at Thanksgiving. If itās finally hugging the support level like a long-lost friend, the $ETH bulls could be prepping for their next big leap.Ā
But watch out! If it plummets, we might be headed back to the comfort zone of $3,500. And letās be honest, thatās a place weād rather not visit-like the dentist without Novocain. š¬
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2025-09-25 14:26