ETH’s Descent: A Market’s Suffering 🐍📉

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The price of Ethereum, that elusive specter, failed to hold its ground above $3,050, retreating like a soldier in a lost war. The $2,950 threshold, a cruel joke, now looms as a gauntlet of despair. ETH, that weary traveler, stumbles forward, only to be met by the iron fist of $3,150.

  • Ethereum, once a phoenix, now descends into the ashes of $3,150, its wings clipped by the cold wind of resistance.
  • The price, a prisoner, languishes below $3,120, its every breath measured by the 100-hourly Simple Moving Average, that cruel guardian of the downtrend.
  • A bearish trend line, forged in the fires of pessimism, now binds the ETH/USD pair, its resistance at $3,150 a chain of iron.
  • If the price dares to settle below $3,065, it may find itself in the abyss, where shadows whisper of $2,950 and $2,880.

Ethereum’s Glimmer of Hope

Ethereum, that fickle lover, failed to breach $3,200, its dreams dashed like glass. The $3,150 threshold, once a promise, now a prison. The price, a beggar, dips below $3,050, its pockets empty, its spirit broken. A low of $2,941, a tombstone, marks the end of its brief rebellion.

Yet, in this desolation, a flicker of hope: a rally above the 50% Fib retracement level, a ghost of the past. But the 76.4% level, a specter, looms ahead, and the bearish trend line, a chain, tightens its grip.

The $3,220 and $3,250 resistances, distant mountains, may yet be scaled. But the $3,320 and $3,450 peaks, like stars, remain out of reach. A climb to $3,500? A dream for the delusional.

Another Fall? The Market’s Cruel Whims

If $3,150 proves an unscalable wall, Ethereum may descend once more, a prisoner to its own volatility. $3,065, the first refuge, may offer no solace. The $3,020 zone, a mirage, may vanish like mist.

Beyond lies $2,950, a threshold of ruin, and $2,880, a grave. The $2,750 and $2,740, distant shores, may offer no salvation. The market, that fickle tyrant, may yet lead it to the abyss.

Technical Indicators

Hourly MACD – The MACD, that weary sentinel, falters in the bleak expanse of the bearish zone.

Hourly RSI – The RSI, a pendulum, swings above 50, a fleeting hope in a sea of despair.

Major Support Level – $3,065

Major Resistance Level – $3,150

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2025-11-19 07:29