Ethereum‘s Rollercoaster: Will Bulls Blink or Just Yawn? đđ»
Ethereum decided to drop like your least favorite family member at a party, starting from a lofty $2,620 and landing below $2,580âlike 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 Averageâbecause who doesnât love a slow downturn?
- There was a tiny victory break above a stubborn bearish trend line at $2,500âlike a kid trying to sneak past bedtime.
- If ETH doesnât get its act together above $2,470, it might keep fallingâmaybe into your imaginary savings account.
Ethereum’s Price Takes a Caterpillar Turn (Downward)
Ethereumâs been like that one friend who canât get a lift back homeâdropping 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 slideâbecause apparently, technical levels are the new high school crushes. ETH is trading below $2,600 and the 100-hour moving average, proving itâs not feeling very peer-pressured today.
On the bright side, resistance awaits around $2,550, then $2,600, and the ultimate boss at $2,620âlike 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 $2,780âthatâs a lot of numbers to keep track of, but hey, who said investing isnât fun?
More than likely, ETH wants a nap (or maybe more losses)
If it canât 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 $2,350âlike watching a soap opera, but with more charts.
Technical indicators are basically telling us ETH is bored and in the bearish zoneâMACDâs losing steam, and RSI thinks itâs pretty tired below 50. So, maybe itâs time for some popcorn, or a serious rethink.
Major support sits at $2,470. Major resistance? Yeah, thatâs still $2,600. Who knew?
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2025-06-02 05:36