Goodness gracious, Ethereum’s done it again! Up it zoomed, over $2,700, faster than a greedy squirrel after a golden acorn. Far from being content, it’s now doing a little backward shuffle—perhaps for dramatic effect (or just to catch its breath)—eyeing that comfy $2,575 spot like a napping cat spies its favorite cushion.
- Ethereum bounded cheerily past that crusty $2,700 barricade, scattering bears and leaving Bitcoin picking its digital nose.
- The price has been loafing around above $2,620 and clinging to its faithful 100-hourly Simple Moving Average like a stubborn wart.
- It even karate-chopped a pesky bearish trend line that had been loitering around $2,450 on the ETH/USD chart. “Shoo!” said Ethereum, and up it popped.
- Now, the price might leap back to $2,575, but honestly, with ETH, who needs fortune cookies?
Ethereum Price: The Zany, Zig-Zaggy Climb
Ethereum strutted past $2,550, whistling a cheeky tune and overtaking Bitcoin like a racehorse with a jetpack. Then, whoosh—it soared right over $2,620, breaking resistance! Picture an overenthusiastic kangaroo at a coin toss. And let’s not forget the chart—ETH’s bulls sent the price flying over $2,700, forming a nose-bleed-inducing high at $2,736 before pausing for tea and a correction.
There’s a minor wobble below the 23.6% Fib retracement—(yes, the one that usually bores everyone to sleep)—but the ETH bulls are still clinging on above $2,620 with more determination than a toddler with the last biscuit.
At this rate, Ethereum is dawdling above $2,640, snuggling with the 100-hourly Simple Moving Average. But wait! There’s mischief afoot near $2,720—another resistance block! If Ethereum gets especially cheeky, it’ll barrel roll over $2,735… maybe even flirt with $2,750 just to show off.
If our plucky coin pole-vaults the $2,750 bar, it might shoot to $2,840 or even $2,950 (as if it’s trying out for the financial Olympics 🎖️). At this speed, one might expect it to start sprouting wings.
Will Ethereum Fall Flat on Its Face? (Spoiler: Maybe)
Now, if Ethereum smacks headfirst into that pesky $2,720 wall, it could start a dramatic swoon worthy of a soap opera. Initial support cushion: $2,600, where the nervous traders hover with smelling salts.
The next fainting couch sits at $2,575, and if it falls below, there’s more support at $2,500. Should it tumble (gasp), there’s a final safety net gathering dust at $2,420. Below that? Well, there’s always $2,350, a number that cries itself to sleep every night.
Technical Wizardry (For the Number Nerds):
- Hourly MACD – Puffing and panting, it’s slowing down in the bullish zone.
- Hourly RSI – Perched snugly above 50, feeling rather smug.
Major Support Level – $2,720 (or is it $2,575? Even the numbers can’t make up their minds)
Major Resistance Level – $2,575 (yes, really)
So, keep your eyes peeled and your wallets close—Ethereum’s got more plot twists than a Roald Dahl villain’s diary! 🥸
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2025-05-14 06:38