Ethereum: Will It Reach $3,000? 🧐

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So, Ethereum has decided to attempt a recovery, has it? Above $2,880, you say? As if by magic…or, you know, the whims of speculators.

  • It twitched upwards, past $2,850 and then, with a flourish, $2,880. A veritable triumph! 🥳
  • Now it’s swaggering around above $2,900, basking in the admiration of the 100-hourly Simple Moving Average. Such importance these averages attach to themselves.
  • A break above a “key bearish trend line.” Hah! As if trend lines actually do anything. Still, Kraken reports it. One must humor the data, I suppose.
  • If, and it’s a very large ‘if’, it manages to settle above that mythical $3,000 mark…well, then things might get interesting. Or not.

The Curious Case of Ethereum’s Price

Ethereum, imitating its elder brother Bitcoin, has deigned to recover slightly, crawling above $2,800 and then $2,850. Such obedience! One almost expects a little bow.

The bulls, those tireless champions of optimism, shoved the price past the 61.8% Fib retracement level – because, naturally, everything must be measured in Fibonacci sequences. As if the market cares for mathematical elegance. And yes, it dared to breach that so-called “key bearish trend line” at $2,950.

Currently, it’s bobbing about above $2,840 and, of course, the 100-hourly Simple Moving Average. And the 76.4% Fib retracement level. Oh, the numbers! It makes one’s head spin. 😵‍💫

Another surge, they predict, will encounter resistance near $2,980. Then $3,000 – a psychological barrier designed, no doubt, to torment traders. Beyond that, $3,060, then $3,150. It’s a slippery slope, this endless ascent. And if it does break $3,150? Why, then we’ll be talking about $3,220 or even…gasp…$3,250! The audacity!

But Don’t Get Your Hopes Up…

But let’s not get carried away. Should Ethereum falter at the $3,000 fortress, expect a retreat. Initial support at $2,920, then $2,880. Below that? Oh, the horror! $2,800, then $2,740. And if the floodgates open? $2,650 and $2,620 await. A truly terrifying prospect. 😱

Technical Indicators (because, apparently, we need to pretend these things are useful):

Hourly MACD – Gaining momentum in the bullish zone. Yes, yes, very bullish. For now.

Hourly RSI – Above 50. Delightful. A temporary reprieve from the inevitable chaos, I assure you.

Major Support Level – $2,880 (a pivotal point, or merely a figment of someone’s imagination?)

Major Resistance Level – $3,000 (a psychological torture device, if you ask me).

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2025-11-26 06:25