So, Ethereum‘s price is trying to recover above $2,980. Big deal. 🙄 ETH is now consolidating, because, you know, it loves to keep us guessing. There’s this pesky barrier near $3,080 that’s giving it trouble. Typical.
- Ethereum decided to take a little stroll above $3,000. Good for it. 🚶♂️
- It’s trading above $2,980 and the 100-hourly Simple Moving Average. Riveting. 🥱
- There’s some kind of rising channel with support at $2,975 on the ETH/USD hourly chart. Whatever that means. 📈
- If it somehow manages to settle above $3,080, it might keep going up. Or not. Who knows? 🤷♂️
Ethereum Price: Fighting Resistance Like It Owes It Money 💰
Ethereum started climbing above $2,880, just like Bitcoin. Copycat. 📈 ETH managed to surpass $2,920 and $2,950, entering what people call a “positive zone.” Sounds optimistic.
The bulls pushed it above some Fibonacci level (61.8%, because why not?) from a high of $3,175 to a low of $2,775. It even spiked above $3,050. But, of course, the bears showed up near $3,080 to ruin the party. 🐻
Now, ETH is trading above $2,980 and that 100-hourly Simple Moving Average. There’s also this rising channel with support at $2,975. Fascinating. 🧐
If it decides to move up again, it’ll face resistance near $3,050. The first big hurdle is near $3,080 and another Fibonacci level (76.4%, because math is fun).
The next major resistance is near $3,150. If it clears that, it might head toward $3,220. Break above that, and it could climb to $3,250 or even $3,265. Or it could just crash. Who knows? 🤷♂️
ETH: Another Decline? Because Why Not 📉
If Ethereum doesn’t clear $3,080, it could start another decline. Initial support is near $2,980 and some trend line. The first major support is near $2,915. Yawn. 🥱
If it falls below $2,915, it might head toward $2,840. Lose more, and it could drop to $2,800. The next key support is at $2,775. Exciting times. 🎢
Technical Indicators
Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone. Shocking. 🚨
Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Whatever that means. 🤔
Major Support Level – $2,915
Major Resistance Level – $3,080
Read More
- ‘M3GAN’ Spin-off ‘SOULM8TE’ Dropped From Release Calendar
- They Nest (2000) Movie Review
- Brent Oil Forecast
- Spider-Man 4 Trailer Leaks Online, Sony Takes Action
- Super Animal Royale: All Mole Transportation Network Locations Guide
- Beyond Prediction: Bayesian Methods for Smarter Financial Risk Management
- Cantarella: Dominion of Qualia launches for PC via Steam in 2026
- Jynxzi’s R9 Haircut: The Bet That Broke the Internet
- Ripple’s New Partner: A Game Changer or Just Another Crypto Fad?
- Gold Rate Forecast
2025-12-23 06:25