🚀 ETH’s Wild Ride: Will It Break Free or Crash Harder? 🌕

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Ah, Ethereum, the intergalactic rollercoaster that makes even the most seasoned traders question their life choices. 🌪️ Currently, it’s trapped in a downtrend so compressed, it makes a sardine can look spacious. Rejections from lower-high resistance? Check. Bearish structure? Double-check. But fear not, for there’s a glimmer of hope-sell-side exhaustion and liquidity pockets so deep, they could hide the Heart of Gold. If buyers reclaim the right levels, we might just see a relief rally that’ll make you go, “So long, and thanks for all the gains!” 🤑

Technical Analysis (or: How to Pretend You Know What You’re Doing)

By Shayan, the chart whisperer.

The Daily Chart: A Tale of Woe and Moving Averages

Ethereum’s daily chart looks like it’s been designed by a committee of confused octopuses. 🦑 Stuck in a descending channel, it’s repeatedly face-planted into the 100-day and 200-day moving averages, which have now turned into dynamic resistance-because why make things easy? The latest rejection from the $3.8K supply cluster is just the universe saying, “Not today, ETH.” Meanwhile, it’s stabilized in the $3K-$3.1K demand block, a region so cozy, it’s like a towel in a Hitchhiker’s Guide to the Galaxy. RSI divergence hints at a slowdown in bearish momentum, but unless it reclaims the $3.45K-$3.55K breaker block, it’s still a sitting duck for a nosedive to $2.6K. 🚀⬇️

If ETH closes above the broken trendline and the 200-day MA, though, it might just flip the script and aim for the $3.8K liquidity band. Stranger things have happened-like finding a restaurant at the end of the universe.

The 4-Hour Chart: Falling Wedges and Broken Dreams

On the 4H chart, ETH is trapped in a falling wedge so sharp, it could slice through a Vogonian’s poetry. 📉 Every attempt to break higher has been smacked down by the descending trendline and the $3.55K/$3.8K supply zones-because the universe loves a good stacked supply layer. Now it’s hovering near the wedge’s lower boundary, just above the $3K liquidity pool. Long downside wicks suggest buyers are fighting back like a Hoopy Frood with a towel in hand. If it reclaims $3.35K, a bounce to $3.55K is on the cards. Fail, and it’s back to the $3K retest-or worse, a brief dip below it. Because why not?

ETH 4H Chart: The Wedge of Doom

Onchain Analysis: Liquidity, Liquidations, and Other L-Words

By Shayan, still whispering to charts.

The two-week liquidation heatmap is a thing of beauty-if you’re into dense clusters of resting long liquidations between $3.6K and $3.9K. 🌡️ This liquidity magnet is just waiting to pull ETH upward if it dares to enter a relief phase. Below the price? Liquidity is thinner than a Perfectly Normal Beast’s patience. Any downward move will likely be sharp but short-lived, driven by stop-runs rather than sustained selling. The biggest imbalance sits at $3.8K-$3.9K, so if ETH reclaims $3.45K, a swift squeeze into that band is the most probable outcome. Strap in, folks-it’s going to be a wild ride. 🌪️

ETH Liquidation Heatmap: The Great Liquidity Magnet

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2025-11-16 19:37