Right, so, Ethereum‘s price, bless its little heart, has decided to flutter a bit above \$2,650. Apparently, that’s something. Consolidating, they call it. As if it’s got a choice. And it’s “eyeing” \$2,850? Oh, honey, we’re all eyeing something we can’t have.
- Ethereum’s having another go, is it? Above \$2,750 this time. Someone give it a medal 🏅.
- Trading above \$2,700. Good for it. And the 100-hourly Simple Moving Average? Sounds like my dating life: complicated and ultimately disappointing.
- A “key bullish trend line.” Oh, jargon, you saucy minx. Support at \$2,750, apparently. On the hourly chart. Via Kraken. (Who?)
- It *could* surge, they say. If it clears \$2,850. Near term. So, basically, maybe. Don’t hold your breath 💨.
Ethereum’s price, off it goes again after finding support near \$2,500. Beating Bitcoin, no less. The audacity! It cleared \$2,600 and \$2,650. Slow clap 👏.
The “bulls” (who are these mythical creatures?) pushed it above \$2,750. Spiked above \$2,800, even. A high was formed at \$2,832. A *high*. As if crypto can get high. And now it’s “consolidating gains.” Sounds like something I should be doing with my life choices. It’s all happening above some Fib retracement level.
Trading above \$2,750, still clinging to that Simple Moving Average. And that bullish trend line is still there, bless it.
Upside resistance at \$2,820. Then \$2,850. Then \$2,880. It’s like a never-ending staircase to nowhere. Clear \$2,880, and it *might* go to \$2,920.
Above \$2,920, and we *might* see more gains. Ether *could* rise to \$3,000, or even \$3,120. In the near term. Which, in crypto time, is basically never.
So, what if it doesn’t clear \$2,850? Oh, darling, then it’s all downhill from here. A fresh decline. How dramatic 🎭. Support near \$2,750. Major support near \$2,650. And another Fib retracement level.
Below \$2,650, and it *might* go to \$2,600. More losses, and we’re heading to \$2,550. The next key support is at \$2,500. Buckle up, buttercups 🎢.
Technical Indicators, because we all know what those mean…
Hourly MACD – Gaining momentum in the bullish zone. (Sure, Jan.)
Hourly RSI – Above 50. (Groundbreaking.)
Major Support Level – \$2,750 (Write that down.)
Major Resistance Level – \$2,850 (And that.)
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2025-06-11 05:30