And so, the weekend arrives, and with it, the inevitable crash of the cryptocurrency market. Or so says CoinStats, those esteemed seers of the digital realm.
ETH/USD: The Tragic Tale of a Fallen Hero
Alas, poor Ethereum (ETH), your price has plummeted by a mere 1% since yesterday. How the mighty have fallen!
On the hourly chart, the price of this once-mighty altcoin is on the precipice of breaking the local support of $1,796. If it does, and the daily bar closes below it, the decline will be as swift as a summer’s breeze on a hot day.
On the grand stage of the bigger time frame, the rate of ETH looks as bearish as a rainy day in London. The growth, it seems, was but a fleeting dream, a mirage on the desert sands of the market.
And so, the bulls must seize the initiative, or risk being trampled by the stampede of sellers.
From the lofty perch of the midterm perspective, the sellers are the ones holding the reins, and the buyers are but mere passengers on a wild ride to nowhere.
And so, Ethereum trades at a paltry $1,794 at press time. Ah, the ignominy!
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2025-04-06 14:08