Ethereum‘s Rollercoaster: Will Bulls Blink or Just Yawn? 🚀🐻

Ethereum decided to drop like your least favorite family member at a party, starting from a lofty $2,620 and landing below $2,580—like a bad sitcom rerun. Spoiler alert: it might keep going south. Shocking, right?

• Ethereum took a sad little nosedive below $2,600, acting like it’s got a fear of commitment.
• The price is hanging around below $2,600 and the 100-hourly Simple Moving Average—because who doesn’t love a slow downturn?
• There was a tiny victory break above a stubborn bearish trend line at $2,500—like a kid trying to sneak past bedtime.
• If ETH doesn’t get its act together above $2,470, it might keep falling—maybe into your imaginary savings account.

Ethereum’s Price Takes a Caterpillar Turn (Downward)

Ethereum’s been like that one friend who can’t get a lift back home—dropping from the $2,650 support zone, refusing to bounce back, and plummeting below $2,600. A real crowd-pleaser, right?

It slipped below $2,550, hit a low at $2,470, and now just sort of chills, consolidating losses like a cat napping on your keyboard. There was an attempted uprising above $2,500, but no dice.

It even tested the 23.6% Fib retracement of the recent slide—because apparently, technical levels are the new high school crushes. ETH is trading below $2,600 and the 100-hour moving average, proving it’s not feeling very peer-pressured today.

On the bright side, resistance awaits around $2,550, then $2,600, and the ultimate boss at $2,620—like trying to conquer a mountain of pizza but getting full halfway up.

If ETH breaks through the $2,620 barrier, it might dream of hitting $2,720 or even flirt with $2,780—that’s a lot of numbers to keep track of, but hey, who said investing isn’t fun?

More than likely, ETH wants a nap (or maybe more losses)

If it can’t crack the $2,600 resistance, look out below! Support levels are stationed at $2,500, $2,470, and if it gets really dramatic, maybe down to $2,350—like watching a soap opera, but with more charts.

Technical indicators are basically telling us ETH is bored and in the bearish zone—MACD’s losing steam, and RSI thinks it’s pretty tired below 50. So, maybe it’s time for some popcorn, or a serious rethink.

Major support sits at $2,470. Major resistance? Yeah, that’s still $2,600. Who knew?

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2025-06-02 05:36