ETH to 5 Digits?! 🤯

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Ethereum (ETH), that cheeky little blighter, is currently fiddling about at a price that’s too boring to mention 🙊. Bitcoin (BTC), being the grumpy old man of crypto, is causing all sorts of trouble. Despite this, Ethereum bravely climbed to a dizzying height of also nothing worth mentioning today, after a teeny-weeny move of absolutely nada percent on March 26. Honestly, what a snooze-fest!

Why is Ethereum Feeling a Bit Down in the Dumps Today?

Well, it seems Bitcoin’s recent dithering has put a bit of a damper on Ethereum’s party 🎉. If BTC suddenly gets a rocket up its trousers and zooms to $90K, then maybe, just maybe, ETH will join the fun. But hold your horses! Some clever clogs with their technical whatchamacallits reckon BTC might tumble down to $85K to fill some silly “CME gap” thingy. Blimey, what a palaver! 🙄

*Ethereum price updated as of basically never.

Fractals Predict a Five-Digit Fortune For ETH!

Now, this is where it gets interesting! Two crypto boffins, using some mumbo-jumbo called “fractal analysis”, are predicting ETH will hit the big time, reaching a five-digit target. One says it’s going to zoom past $10,000! The other thinks it’ll be closer to $20,000! Crikey! 🤑

The first boffin saw a “1, 2, 3 bounce pattern” back in 2017, 2018, and 2020. This led to a jolly good rally from $100 to $4,900. If history repeats itself (and it usually does, the sneaky thing), Ethereum could reach $10,000 or even $11,000! The second boffin saw some expanding wedge pattern. Honestly, it sounds like something you’d find in your grandma’s attic 🧓.

Ethereum Price Prediction & Analysis (A Load of Old Toffee?)

The technical analysis, which is about as clear as mud, shows Ethereum making higher highs and higher lows. Apparently, the buyers are trying to be all bullish. If they can turn these resistance levels at $2,100 and $2,166 into support levels, then a bullish trend might just start. In that case, ETH could rally 20%, 28%, or even 40% to reach $2,600, $2,770, and $3,000! Cor blimey! 🤩

So far, Ethereum has touched the $2,100 level and is now having a bit of a rest. As long as it stays above $1,934, the bullish trend is still on. Investors can then expect it to have another go at $2,166 and the other levels mentioned above.

Adding to this bullish mumbo jumbo are the CME gaps at $2,623, $2,888, $3,237, and $3,930. If the buying pressure stays strong and Bitcoin keeps playing nice, then Ethereum could hit $4,000 in April! Let’s hope so! 🙏

On the other hand, if Ethereum breaks below $2,134, it means the bears are winning. In that case, ETH will drop to $1,756. If it breaks below that, the whole bullish story is off, and it could crash to $1,500! Oh dear! 😩

Other Things That Might Affect Ethereum (Blah, Blah, Blah)

Apparently, the spot Ethereum ETF outflows have been shrinking since February 26 and were zero on Monday. If this keeps up, ETH ETFs might see an inflow, which would be good news for Ethereum.

Also, about $701 million worth of short positions will be liquidated if Ethereum hits $2,114. This means investors will be forced to buy back, adding even more buying pressure. Let’s hope they get a good squeeze! 😁

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2025-03-26 08:56