In a world where financial currents shift as capriciously as the winds of the Arctic, Ethereum-like an Orthodox philosopher brooding over the ironies of history-has decided to attempt another ascent. The symbols of capital, capriciously at times, have decided to dance above the $3,000 mark, as if mocking the gravity of past market corrections. Ethereum price, standing tall above $3,000, consolidates its gains, determined to challenge the $3,150 fortress, like an earnest seeker after Truth.
- Our digital currency, rising from the depths, has begun its upward odyssey beyond the $3,000 and $3,020 levels, as if driven by a post-Stalin sense of resilience.
- The price parades above the $3,050 line and the 100-hourly Simple Moving Average with the pomp of a Central Committee resolution.
- A formidable bearish trend line rears its head on the hourly chart, with resistance at $3,140, akin to a Great Wall wary of invasions. (The honor of our struggle, recorded dutifully via Kraken, serves as a testament to the enduring spirit of valuation).
- If it breaks through the $3,150 zone, Ethereum stands ready to plunge ever higher, like a dissident braving censorship.
The audacious Ethereum price, having held firm above the $2,920, as steadfast as a headline in Pravda, mirrored Bitcoin in its ascent above the $3,000 and $3,020 resistance levels.
From the heights of $3,240, a modest correction, akin to a sobbing General in the winter of discontent, sent the price below the 50% Fib retracement level. Yet, as always, the bulls, like a cabal of brave thinkers, lurked near $2,920, ready to thwart the doomsayers.
Trading now above $3,050 and the 100-hourly Simple Moving Average, Ethereum remains poised. Should it rally further, it will confront the $3,140 line, or rather, that key bearish trend line forming on the icy charges of ETH/USD, revealing yet another struggle perhaps as eternal as the quest for justice.
The next arrow in Ethereum’s quiver points towards $3,200, with a major benchmark at $3,250. Clearing $3,250 might propel our digital soldier toward the realms of $3,320, and should it break through, like a dissident breaking free from incarceration, further climbs await toward the $3,450 or even $3,500 that loom on the horizon.
Another Downward Swing?
Should Ethereum falter at $3,140, it may signal the onset of a retreat, reminiscent of the stepping back that occasionally mars even the most dogged of human endeavors. The first retreat line sits at $3,050, with further resistance lurking ominously around $3,000. A descent below this threshold may see the price pirouetting towards $2,950, and perhaps even further down to $2,920-as fickle as Soviet-era promises-and eventually to $2,840 or $2,820.
Technical Indicators
The Hourly MACD, that valiant indicator of momentum, bounces with bullish vigor in its favored domain.
The Hourly RSI, now above the 50 marker, radiates the optimism of a restrained yet vibrant optimism.
Major Support Level – $3,050; Major Resistance Level – $3,140
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2025-12-08 06:48