Ethereum Is Hanging by a Thread: Chart Guru Predicts Drama Ahead!

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If you’ve ever wanted to know what it feels like to watch someone wrestle a grizzly bear while tied to a rubber dinghy, look no further than Ethereum‘s current predicament against Bitcoin. According to a trader known to his 245,400 internet disciples as “Sherpa” (because of course that’s his name), Ethereum is now occupying what you might call real estate on the edge of a very steep cliff.

Sherpa, who probably spends his evenings staring intently at hypnotic price charts until his eyes go square, has declared Ethereum to be at a “do-or-die” level. This is the financial equivalent of hearing, “Don’t worry, it’s perfectly safe—unless you move a single muscle, then kaboom!”

It turns out that if Ethereum drops below roughly 0.01745 BTC, we might all get a time machine ticket straight back to 2017. (Insert collective shudder or nostalgic sigh here. Choose your own emotional adventure. 🤷‍♂️)

“If you lose this area, then you go back to early 2017 levels for Ethereum…”—and yes, he really said that. At this rate, Ethereum holders might want to brush up on their knowledge of 2017 memes and fidget spinners.

Presently, Ethereum is trading hands at 0.01898 BTC, which is a polite way of saying it’s down approximately 88% from its most glorious all-time high in June 2017. If you’re feeling a tad queasy, just wait—there’s more!

Now, back to Bitcoin! Sherpa claims Bitcoin is riding a sugar high, potentially rallying even higher before succumbing to a moody correction (read: someone will inevitably shout “It’s over!” just as things seem promising). A 20% dip may be on the cards—sort of like paying for an expensive dinner and realizing you left your wallet at home.

Never fear, the narrative doesn’t end there. Picture a rollercoaster designed by someone who failed geometry: after the stomach-churning drop, Bitcoin should zoom skyward once again, dragging altcoins along for the ride, whether they like it or not. 🤢🎢

“Continued Rally until $100,000 BTC; altcoins continue to do well until then, followed by equities pulling back (currently in a lower high rally) = BTC pullback to $80,000, altcoins also pullback.
Chop period and then much higher in third quarter/fourth quarter.”

And at the moment, Bitcoin—ever the overachiever—is tapping its nose at $94,460, up a sprightly 13% in two weeks. Put on your seatbelt, say a small prayer to your favorite crypto god, and brace for impact, because things are about to get bumpy. 🪂💸

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2025-05-01 12:32