Lo! The noble Ethereum, once draped in the silks of $3,200, now lies humbled, trampled by the 100-day moving average’s cold, unyielding gaze. The market’s dance grows ever more tragicomical, as buyers flail like drunken minstrels and sellers waltz off with the treasury. One might ask: where is the honor in this grand masquerade?
Technical Analysis
By Shayan, the bard of broken candles.
The Daily Chart
Behold, the daily chart: a canvas of despair where ETH clings to the $3,000 ledge, its last bastion against the abyss. The $3,800 level, once a throne, now mocks it from above, while the 100-day moving average-haughty as a czar’s decree-blocks its path. The 200-day MA, ever the sly fox, slinks downward, whispering of a long, slow decay.
The RSI, now as stoic as a monk in a monastery of despair, hovers at 33. A number, yes, but also a dirge. If ETH falters here, $2,500 awaits-a ghost town from Q3, where forgotten investors sip bitter tea and dream of spring. To reclaim glory, our hero must storm $3,800, not with swords, but with volume and vigor. A tall order, to say the least.
The 4-Hour Chart
The 4-hour chart, a farce of falling leaves. ETH has shattered the bearish flag like a fragile porcelain vase, now testing the $3,000 zone with the enthusiasm of a man counting coins in a tavern. Lower highs, lower lows-since October, the chart resembles a funeral procession, led by the RSI’s somber drumbeat at 33.
If $3,000 crumbles, $2,600 looms like a grim specter. Short-term rallies to $3,300 or $3,400? Merely opportunities for vultures, unless volume erupts like a geyser and ETH leaps above $3,800. A spectacle worth betting your last ruble on, perhaps.
A portrait of desperation. Or perhaps, a self-portrait.
On-Chain Analysis
Exchange Reserve
Exchange reserves for Ethereum? A paltry 15 million ETH now slum it on centralized exchanges, a record low. A bullish sign, they say! As if scarcity alone could summon a miracle. Yet demand remains a timid child, too shy to dance with supply’s bold advances. Thus, corrections persist, and ETH dangles between hope and hubris.
A graph so lonely, it might start painting itself.
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2025-11-14 23:08