Ah, dear Ethereum, that fickle darling of the digital stage, hath embarked on a recovery most theatrical from above $3,880. Rising with the drama of a Shakespearian farce, it doth eye further gains, provided it doth vanquish the tyrant resistance at $4,050-else, alas, ’tis but a fleeting fancy!
- Ethereum, ever the optimist, kicked off a cheeky revival beyond $3,800 and $3,880-how quaint, the optimism of algorithms! 😂
- Now prancing above $3,920 and the tedious 100-hourly Simple Moving Average, as if gravity were but a suggestion.
- On the hourly chart of ETH/USD (courtesy of Kraken, that noble purveyor), it shattered a bearish trend line, resistance at $3,940 smitten like a jilted lover. Oh, the irony! 💣
- Should it deign to ascend above $4,050, the upward dance continues-though, in matters of crypto, hope is as volatile as a Wildean epigram.
Ether’s Encore: The Rise That Tickled the Blockchain
Ethereum, that mercurial muse, faltered in its bid above $4,050, retreating like a cat from a cucumber, mirroring Bitcoin‘s own sigh-of course, for what is crypto if not a tragicomic opera? 🌟 It tumbled below $4,000 and $3,800, testing even the humble $3,680, forming a low at $3,677 before staging a comeback as predictable as the plot twists in my own comedies.
This correction proved a Fib retracement at 50% from the $4,292 zenith to the $3,677 nadir-a mockery of geometry in a world gone mad with numbers! And lo, another bearish barrier was broken at $3,940, allowing Ether to flirt once more with $3,920 and that infernal 100-hourly average. Sarcasm aside, it’s trading steadily, though one wonders if it’s all just a jest.
Onward to the north, resistance looms near $4,050 and the 61.8% Fib, with $4,120 as the next pitfall. Nay, the grand resistance cries $4,220-a breach could catapult it to $4,320, and heaven forfend, $4,440 or $4,500. As for the contrarians, a whimper below $4,220 might dash such dreams. 😏
Yet, a deft leap above $4,220 might herald a march to $4,320 and beyond, summoning cries of ‘Eureka!’ from the digital masses. In this fevered tale, Ether could soar to $4,440 or $4,500 ere long-though, as a cynic, I doubt the curtain call.
Hark! Another Descent for ETH? Tragedy Looms! 📉
Should Ethereum stumble at $4,050, a fresh plummet ensues, with initial support at $3,940-a fractured heart! The major bastion awaits at $3,880, and a plummet thereto invites $3,820, or worse, the abyss at $3,680. Deeper still, $3,620 yawns. Ah, the brutality of trends!
Technical Indicators
Hourly MACD – The MACD pirouettes in the bullish zone, gaining momentum as if wooing the stars. 🌠
Hourly RSI – The RSI, that barometer of fervor, exceeds 50-approaching euphoria, or is it mere hype?
Major Support Level – $3,880 (hold it fast, or alas!)
Major Resistance Level – $4,050 (the dragon to slay, with wit or luck)
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2025-10-20 07:55