🚀 Ethereum’s Wild Ride: $4K Dream or A Bear’s Bash?

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In the whimsical world of crypto, where numbers dance and fortunes twist like a tale spun by a mischievous narrator, there was once a plucky little coin named Ethereum. With a twinkle in its digital eye, it found solace at the $3,540 support zone, only to spring up with a sly smirk, daring to scale the elusive $3,740 level. Oh, the audacity!

  • Ethereum, in a display of acrobatic flair, leaped above the $3,540 and $3,580 levels as if mocking the very laws of gravity.
  • It strutted past $3,620 and the ever-watchful 100-hourly Simple Moving Average, striding like a proud peacock on a cloud.
  • On the hourly chart (courtesy of the ever-skeptical Kraken), it broke free from a bearish trend line at $3,625, whispering, “Rules are for the unimaginative.”
  • And if it continues its defiant march above $3,540, a fresh increase might just leave the competition quaking in its boots.

Enter the chapter “Ethereum Price Aims Higher.” With a swagger that would make even the mightiest bull blush, Ethereum vaulted from its $3,540 support, leaving behind even the lofty Bitcoin. It swaggered past the $3,550 and $3,580 resistance levels as if declaring, “Catch me if you can!”

But every tale of daring comes with a twist. The bullish escapade reached a peak at $3,733, only to be met by a chorus of bears lurking near the $3,750 zone. It flirted with $3,700 before taking a brief pause below $3,620-a moment of respite before the next act.

Undeterred, Ethereum tested its mettle by challenging the 50% Fib retracement level between the $3,350 low and the $3,733 high. With a dramatic break above a bearish trend line at $3,625, it seemed determined to rewrite the rules of gravity.

Now, Ethereum is parading above $3,600 and the 100-hourly Simple Moving Average, its digital eyes gleaming with mischief. Yet, on the upside, it might encounter resistance near the $3,700 and $3,720 levels-like unexpected plot twists in a Dahlian saga.

Ethereum Chart

The plot thickens further. The first major resistance looms near the $3,750 level. Should Ethereum audaciously break through, it might soar toward $3,820, and perhaps even further-to the illustrious $4,000 (or even $4,120) resistance zone. Imagine the gasps from the crypto crowd!

But what if the bulls falter? Should Ethereum fail to conquer the $3,720 resistance, it might very well descend into a fresh decline. The first line of defense stands near $3,620, with the stalwart $3,580 zone waiting in the wings. A slip below could send it tumbling toward $3,540, and even further down to the depths of $3,440 or the notorious $3,350 fortress.

And let’s not forget the unsung heroes-the technical indicators:

Hourly MACD – Gathering momentum in the bullish zone as if rallying an army for a grand showdown.

Hourly RSI – Proudly perched above the 50 zone, like a knight ready for battle.

Major Support Level – $3,540

Major Resistance Level – $3,750

Thus unfolds the saga of Ethereum-a tale of audacity, defiance, and a touch of dark humor. Will it achieve its lofty $4K dream, or will the bears have the final, ironic laugh? Only time (and a sprinkle of crypto magic) will tell. 🐂🐻💸

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2025-08-07 06:25