🚀ETH Soars to $4K… Will It Breakout or Burn? 💸🔮

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The digital token, once a symbol of boundless optimism, has clawed its way back to the $4,000 threshold-gaining a modest 3.6% during Asia’s drowsy Monday morning trading circus. 🤹♂️

After a harrowing plunge to $3,700 on October 17th, this phoenix of crypto has risen a paltry 10%, though it still languishes 18% below its mythical all-time high. A reminder, perhaps, that even digital gold tarnishes. 🏺

Analysts, ever the optimists, point to a “solid support zone” at $3,985-a level drawn from the sacred texts of December’s highs and weekly closes. Because nothing says stability like astrology for stock charts. 🔮

“Rekt Capital” (a name dripping with confidence) declared ETH “wicked into its multi-year downtrend” for a “retest attempt,” as if markets aren’t just casinos with better lighting. 🎰

“Bullish Indicators!” (Said Every Analyst Ever)

“There is not a single bearish thing about the ETH chart. It doesn’t really get much cleaner,” gushed Sykodelic, who clearly hasn’t met a chart he didn’t like. 🧼

“This has been the biggest and most devastating mental onslaught from market makers, and they’ve convinced everyone it’s game over when the ETH chart looks like this.”

Merlijn the Trader, channeling his inner motivational speaker, proclaimed ETH “forming the most explosive setup since 2017” thanks to a “textbook bullish pennant.” Because nothing says innovation like recycling 5-year-old patterns. 📚💣

ETHEREUM IS FORMING THE MOST EXPLOSIVE SETUP SINCE 2017.

This isn’t hype. It’s a textbook bullish pennant on the monthly.

Cycles don’t lie.$ETH is ready to rewrite history.

– Merlijn The Trader (@MerlijnTrader) October 19, 2025

John Bollinger, the prophet of bands, made a rare crypto prophecy: a “W bottom,” heralding a bullish reversal. Satoshi Flipper gasped-this is his first ETH call in three years. Clearly, the man’s been busy avoiding the last 12 bear markets. 🐢

“And each call he makes goes on to mark generational bottoms. He just told us ETH has bottomed, now imagine fading this legend.”

Open Interest: The Quiet Before… Something?

Open Interest (OI) has fallen 45% from its peak, while ETH itself only dropped 20%. Ted Pillows called this “bullish,” because nothing fuels a rally like fewer gamblers at the table. 🎲

“This is actually a very bullish thing, as speculation is now very low.”

He predicts ETH could soar to $5,500-$6,000 “without getting too overheated.” A bold claim, considering last time it overheated, it melted the faces of 90% of retail investors. 🔥

For context, OI peaked at $21 billion in August-a number as meaningless to most investors as the GDP of Atlantis. 📉

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2025-10-20 09:37