ETH: Up, Down, Sideways…Who Knows? 🤷‍♀️

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Right, so Ethereum decided to have a little *moment* of optimism, bouncing back from around $4,050. Cute. It’s back above $4,220 now, but honestly, it’s staring down a whole heap of bother near $4,400. Like, a real wall of “no”. 😒

  • Apparently, it did a thing and recovered above $4,150 and $4,220. Groundbreaking.
  • Still stubbornly hanging out below $4,350 and the 100-hourly Simple Moving Average. So dramatic.
  • Oh, and there’s a BEARISH TRENDLINE. Naturally. Resisting everything at $4,355. Because why wouldn’t there be?
  • If it dips below $4,220 again, we’re probably looking at more downwards scrolling. Just saying.

Ethereum Price Faces Resistance (Shocking!)

It followed Bitcoin’s lead and decided to sulk below $4,250. Honestly, the herd mentality is… predictable. There was bearish momentum, some trading below $4,150, the usual.

They pushed it down, down, *down* to $4,120, then finally tested $4,065. It wobbled, recovered a bit (a pathetic 23.6% Fib retracement – basically a tiny win), but then… the bears came back. Of course they did.

They’re lurking near $4,350, the 61.8% Fib retracement level, and that aforementioned annoying trendline at $4,355. It’s like a cryptocurrency obstacle course.

Below $4,355, and below that 100-hourly Simple Moving Average. Seriously, who even understands these numbers? There’s resistance at $4,350 and potentially $4,380. The tension is *palpable*. 🙄

If it actually breaks through $4,460? Well, then maybe things get interesting. Potentially, a climb to $4,500, then maybe even $4,550 or even… $4,565. Honestly, it feels a bit optimistic. Like winning the lottery optimistic.

Another Decline In ETH? (Spoiler: Possibly)

If it can’t crack $4,380, brace yourselves. We’re heading south again. Support at $4,240, then $4,200. Beyond that? A terrifying descent towards $4,120 and eventually, maybe even $4,050. It’s all very… dramatic.

Further losses could mean a trip to $4,000. Honestly, I need a drink. 🍹

Technical Indicators (because apparently we need more numbers)

Hourly MACD – Losing momentum in the bearish zone. Groundbreaking.

Hourly RSI – Somehow above the 50 zone. Against all odds.

Major Support Level – $4,220 (Don’t get your hopes up)

Major Resistance Level – $4,380 (Prepare for disappointment)

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2025-08-21 07:23