Oh, my dear investors and curious cats! The market has woken up on the wrong side of the bed this first day of the month – according to that wise old owl CoinStats, it’s feeling rather gloomy and bearish. Yes, gloom and doom everywhere!
ETH/USD
Ethereum, the shiny altcoin star, has taken a little tumble – down by a modest 1.34% since yesterday. Nothing to cry over, but you might want to keep your hankies handy, just in case.
Peek at the hourly chart and you’ll see that dear Ethereum is tiptoeing near its local support at $4,360. If today’s daily bar decides to close on or below that number, brace yourself for a sneaky test of the $4,300 zone tomorrow. Spoiler alert: it’s like waiting to see if the cat will knock the vase off the table or not.
Now, zoom out to the bigger picture and things get rather mysterious. Ethereum is lounging far away from its crucial key levels – it’s like a sleepy garden slug, neither the bulls nor the bears can muster enough oomph to grab the reins. Talk about a tug-of-war with invisible ropes!
Volumes are dwindling, confirming that both the bullish and bearish teams are out of steam, probably sipping tea and gossiping. So, expect a bit of a sideways shuffle – a fancy dance of “let’s not do much today” around the current prices.
Looking a little further out, the picture is as vague as a Roly-Poly’s dreams. The week has barely started, and making bold predictions now would be as foolish as expecting chocolate frogs to appear on your kitchen counter unbidden. Buyers might only get excited if Ethereum shouts loudly by breaking through the mighty $5,000 barrier – until then, it’s a waiting game!
At the time of writing, Ethereum is trading at $4,394 – which, frankly, sounds like the price of a fancy dinner but with fewer calories.
Read More
- You Won’t Believe Polygon’s Wild Stablecoin Frenzy—But POL Has Other Plans
- FLR PREDICTION. FLR cryptocurrency
- Brent Oil Forecast
- USD HKD PREDICTION
- EUR PLN PREDICTION
- GBP AED PREDICTION
- CRO PREDICTION. CRO cryptocurrency
- KCS PREDICTION. KCS cryptocurrency
- Bitcoin’s Tragicomic Fumble: Gold Laughs, BTC Sulks 🤑💔
- EUR AED PREDICTION
2025-09-01 18:33