Oh, what a tangled web the price of Ethereum weaves! After a dizzying descent, our dear ETH has found its footing above the $2,020 realm, now dancing a cautious waltz around the $2,080 mark.
- Ethereum, with a flourish, has ascended beyond the $2,020 abyss!
- Our cryptic friend now frolics above $2,025, arm in arm with its trusty companion, the 100-hourly Simple Moving Average.
- A line of bullish intent has emerged, offering its hand at $2,010 on the hourly chart of ETH/USD (data feed via Kraken), a veritable knight in shining armor!
- Yet, to embark on a gallant gallop, our ETH must champion the $2,075 and $2,100 barriers.
The Great Consolidation of Ethereum: A Comedy in Two Acts
As the plot thickens, Ethereum has established a stronghold above the $1,880 trench, initiating a recovery wave with the grace of a seasoned performer. Oh, how it has leaped over the $1,950 and $1,980 walls with the agility of a court jester!
With a thunderous applause, the bulls have propelled our hero above the $2,000 milestone, only to tease the $2,100 threshold before succumbing to a modest correction. Alas, a dip below the 23.6% Fibonacci retracement, a mere footnote in our tale.
Now, ETH stands vigilant above $2,010, with the 100-hourly Simple Moving Average as its squire. The trend line, a trusty ally, stands firm at $2,010, a bulwark against the bearish siege.
Yet, the $2,075 mark seems to be a jesting jester, mocking our ETH’s attempts at ascension. The $2,100 and $2,150 resistances loom like the towers of a castle in the sky. Should our brave ETH conquer these, the $2,200 and even $2,320 bastions may soon fall!
Should the stars align and ETH breach the $2,200 barrier, the heavens themselves may not be the limit! Could it be that the $2,250 and beyond are within reach?
The Perils of a Downside Break: A Tragicomedy
But hark! If our Ethereum falters at the $2,100 rampart, a tumble may be in store. The $2,045 ledge offers a precarious perch, with the $2,020 parapet and its Fibonacci kin ready to break its fall.
Should the $2,010 support and its loyal trend line fail, our ETH may find itself in the dungeons of $1,965, with the $1,920 oubliette looming ever closer.
Technical Indicators (or, The Soothsayers’ Tools)
Hourly MACD – Ah, the MACD, once a beacon of bullish hope, now falters like a candle in the wind.
Hourly RSI – The RSI, a fickle friend, has retreated below the 50 zone, a veritable traitor to the cause!
Major Support Level – $2,010, a fortress of solitude.
Major Resistance Level – $2,100, the dragon to be slain.
Read More
- Ludus promo codes (April 2025)
- Cookie Run: Kingdom Topping Tart guide – delicious details
- Unleash the Ultimate Warrior: Top 10 Armor Sets in The First Berserker: Khazan
- Cookie Run Kingdom: Shadow Milk Cookie Toppings and Beascuits guide
- Grand Outlaws brings chaos, crime, and car chases as it soft launches on Android
- Grimguard Tactics tier list – Ranking the main classes
- Fortress Saga tier list – Ranking every hero
- Tap Force tier list of all characters that you can pick
- ZEREBRO/USD
- Val Kilmer Almost Passed on Iconic Role in Top Gun
2025-03-26 07:01