In a plot twist that would make even the most seasoned daytime soap opera writer blush, Ethereum (ETH) has been on a rollercoaster ride that would make Six Flags jealous. After a string of months that were redder than a beetroot in a vegan smoothie bar, a glimmer of green has appeared on the horizon. In these uncertain times—where Trump’s tariffs are causing more drama than a Kardashian wedding—the second-biggest token is showing some muscle. Targets as low as $1500 are still on the table, but a bear trap might be lurking in the shadows. It’s like 2018 and 2022 all over again—ETH could go from zero to hero in the blink of an eye. 🎢
Ethereum’s Whales Surface for Air
Recently, the ETH price has been more pinched than a pair of tight jeans after Thanksgiving dinner, fluctuating between $2000 and $2100. Analyst Ali reported a selloff that would make a Black Friday sale look like a yard sale—over 760,000 ETH in just two weeks. And then there’s the Ethereum OG, who cashed out his 5001 Ethereum like it was a winning lottery ticket he bought in 2017. 🐋💨
According to on-chain detectives at Lookonchain, the OG began his sell-off a month ago, turning a cool $1.36 million into a sizzling $8.6 million. Interestingly, he didn’t sell at the peak when ETH was hotter than a summer day in Death Valley, which could have netted him a whopping $23 million. Either he found a better deal or he’s lost faith in ETH’s next magic trick. 🤷♂️💸
Can ETH Break the $2500 Barrier and Start an Altseason Party?
Everyone’s eyes are on the Ethereum price like it’s a slow-motion car crash. The token has been printing bearish candles faster than you can say “market crash,” squashing hopes of a return to $4000. Defending $2000 is like trying to hold back the tide with a broom. Yet, ETH keeps trying to rally like a boxer who won’t stay down. A rebound is on the cards, but will it stick? 🤔📈
The weekly chart of ETH is a battleground where the bulls are trying to stay in the game. Since the price surge above $800 in Q4 2020, ETH has been dancing along an ascending trend line. If the bulls can hold the line and validate the rebound, the bearish storm might just pass. But to really get the party started, ETH needs to break through $2081 and secure $2100. Then, the sky’s the limit—or is it? 🌤️🏋️♂️
If ETH can muscle its way above the 200-day EMA and the weekly RSI’s double bottom hints at an upswing, we might be in for a treat. But if it fails to hold its ground, a dive to $1500 could be on the cards, and the Altseason might be a no-show. 🎭📉
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2025-04-02 11:08