Ethereum’s Bittersweet Ballet: A Sarcastic Soar? 🍀🤡

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Oh, the travails of Ether darling, languishing under the relentless boot of market whims, as those pesky ETF outflows and a general cloud of melancholic sentiment in the crypto circus intensify the drama. One might fancy it a tragic farce, wouldn’t you?

it steadfastly perches above the 200-day moving average at $3,570, and lo, a bullish flag pattern emerges, that optimistic harbinger of breakouts. The price now meanders in this pattern’s descending channel, post-flagpole, and nestles just above the Major S/R pivot at $3,750.

Thus, in the spirit of theatrical prediction, the token may well rebound anon, targeting the weak stop-and-reverse of Murrey Math, with dreams of champagne pops to $5,000 if it breaches such absurd lines. Cinema awaits! 🎭🍾

ETH supply in exchanges is falling

Amid the shadow play, a catalyst lurks: robust investor demand persists, despite ETF outflows playing the villain. These funds, since their July debut, have snaffled over $14 billion in inflows, now clutching coins worth $26 billion-5.56% of the market, a trifling empire, eh? Another testament to yearning: exchange balances have plunged from 27 million in 2022 to a paltry 15.9 million today, signaling holders fleeing to self-custody like rats from a sinking ship, or perhaps just paranoid squirrels.

ETH Reserves on exchanges are PLUMMETING.

We know what comes next.

– Gordon (@AltcoinGordon) October 21, 2025

Meanwhile, investors dabble in staking, with StakingRewards crowing a market cap of $140 billion and a 30% staking ratio. Ethereum‘s network thrives, particularly in stablecoin mayhem-supply up 1.35% in 30 days to $167 billion, adjusted volume soaring to $1 trillion. The farce continues, one wonders if Mr. Waugh would smirk at it all. 😌🚀

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2025-10-21 17:22