Ah, Ethereum, the digital gold that’s more unpredictable than a wizard’s spellbook. After a wobbly start, it’s now tiptoeing above $2,950 like a troll crossing a rickety bridge. Will it leap to $3,050 or faceplant into the swamp of resistance? Only the Great A’Tuin knows. 🧙♂️💹
- Ethereum decided to climb the financial beanstalk, breaking above the $2,950 zone. 🌱
- It’s now lounging above $2,950 and the 100-hourly Simple Moving Average, acting all fancy. 🛋️
- A bearish trend line? Shattered like a goblin’s teacup at $2,920 on the hourly chart of ETH/USD (courtesy of Kraken, the squid of the crypto seas). 🐙
- If it settles above $3,050, it might just waltz into the sunset. Or trip over its own feet. 🕺
Ethereum’s recent escapade began at $2,775, mirroring Bitcoin’s shenanigans. It bulldozed through $2,850 and $2,880 like a determined dwarf on a mission. The bulls, ever the optimists, pushed it past the 50% Fib retracement level (because who doesn’t love a good Fibonacci fiasco?). And let’s not forget that trend line break at $2,920-a moment as dramatic as a hat falling off Rincewind’s head. 🎩
Now, our dear ETH is trading above $2,950 and the 100-hourly SMA, looking for its next adventure. If it decides to moonwalk upward, it’ll face resistance at $3,020 and the 61.8% Fib level-because why make things easy? 🌕
The real drama lies at $3,050. Clear that, and it’s smooth sailing to $3,080, then $3,150, and maybe even $3,250. But fail, and it’s a slippery slope back to $2,800. Because, you know, markets love a good cliffhanger. 🎢
If Ethereum stumbles at $3,050, it might sulk and drop to $2,950 or even $2,880. Below $2,915? It’s a freefall to $2,840. And let’s not even talk about $2,800-that’s where the bogeyman lives. 👻
Technical Gibberish:
Hourly MACD – Losing momentum faster than a wizard loses his staff. 🧙♂️
Hourly RSI – Above 50, because why not? ¯\_(ツ)_/¯
Major Support Level – $2,915 (the safety net, maybe?). 🕸️
Major Resistance Level – $3,050 (the dragon to slay). 🐉
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2025-12-22 06:24