ETH’s Wild Ride: Will it Crash or Cash? 🎢💸

by

Right, so Ethereum. May was supposed to be *the* month, wasn’t it? Like, 35% surge in two weeks? Someone’s feeling themselves. Made a beeline for $2,700, all confident and smug. But, surprise, surprise, it’s struggling now. Classic. 🙄

It did cling onto that $2,500 thingy for a bit, bouncing back like a desperate house cat. But the weekend? Oof. Lost it. Just like my keys after one glass of wine. Gone. Reduced to atoms. 💨

The Next Support Cushion For ETH Price

So, apparently, some crypto guru, Ali Martinez, bless his heart, went on X (because where else would you find financial advice?) to share his… “outlook.” Says it’s lacking “bullish momentum.” Which is analyst speak for “it’s not going up, is it?” 🤔

His genius plan? Cost-basis analysis. Apparently, if enough people bought ETH at a certain price, that price becomes, like, a magic shield? Right. Makes perfect sense. (Narrator: it doesn’t). 🤷‍♀️

Chart because charts are always helpful

Big dots = lots of coins = strong support. Green dots = good, red dots = bad. Got it? It’s basically astrology for finance bros. 🔮

Sentora (formerly IntoTheBlock – sounds like a villain’s lair) says there’s “key support” around $2,354 – $2,430. Apparently, 63.9 million tokens were bought there. That’s a lot of tokens. Are we sure this isn’t just money laundering? Asking for a friend. 😇

Martinez reckons these investors will “defend their positions” and buy more if it drops. Because nothing screams rational investment like throwing good money after bad. 🤪

Apparently, it’s “clear blue skies” for Ethereum. As long as it doesn’t fall below $2,400. Which, let’s be honest, is a big “if.” Otherwise, it’s a slippery slope to $2,200. Fun times. 🙃

Ethereum Price At A Glance

Right now, ETH is at $2,480. Up 0.7% in the last 24 hours. But down nearly 4% for the week. So, basically, it’s all over the place. Like my dating life. 💔

Another chart, because why not?

Read More

2025-05-18 13:17