The noble Ether, once soaring to heights of $4,950, now finds itself in a most disheartening descent, having lost 42% of its former glory, leaving even the most astute traders scratching their heads in bewilderment. 🤔💸
The Most Pressing Questions on Everyone’s Minds:
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Ethereum’s price, if it fails to cling to $2,800, may plunge to the humble $2,100-a fate as grim as a winter in Siberia. ❄️
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Persistent bans on Ether ETFs and a lack of treasury buying have turned the market into a veritable minefield for bullish optimists. 🚨
Analysis: A 25% Drop? More Like a Sudden Fall!
CryptoMoon Markets Pro and TradingView confirm that ETH/USD has slinked below $3,000, a spectacle as thrilling as a rainy day in a museum. 🏛️🌧️
Daan Crypto Trades, a self-proclaimed sage of the crypto world, lamented, “This cycle has been a disappointment, but let us not forget, the Ethereum ecosystem has grown wiser-though its price remains stubbornly unimpressed.” 🙃
“I cannot defend this price action; it has underperformed even the most modest of assets.”
A chart, as dour as a funeral, suggests that a breach of $2,800 would send ETH spiraling toward $2,100. 📉
Glassnode’s data reveals that $2,100 is a battleground where 2.1 million ETH were once acquired-a relic of a bygone era. 🕰️
Polymarket bettors, ever the gamblers, assign an 11% chance of ETH hitting $2,000-$2,200 by 2025, while 83% odds favor a revisit to $2,500. A 59% chance of $2,000 in 2026? A lottery ticket with a 60% chance of winning… but only if you’re lucky. 🎰
Ether’s 2025 low of $1,380, reached in April, is a distant memory. The last time ETH flirted with $2,100? May 9. A 42% drop from all-time highs? A mere sip of the bitter wine of bear markets. 🍷
Investors De-Risking Like It’s 2008
US-based Ethereum ETFs are bleeding assets, with $533.1 million fleeing over five days. A sad tale of capital outflows and a $17.34 billion fund. 🧾
CryptoQuant’s IT Tech quipped, “Investors are de-risking or quietly rotating away from ETH, suggesting no immediate comeback for Ether. A most unflattering comparison to the illustrious Bitcoin.” 🤭
“Investors are de-risking or quietly rotating away from ETH, suggesting no immediate comeback for Ether.”
Capriole Investments notes that Ethereum treasury purchases have dwindled from 78,010 ETH to 12,095 daily. A stark contrast to the golden days. 📉
Even BitMine’s aggressive buying can’t save ETH from bearish indicators. A tragicomedy of errors. 🎭
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2025-12-18 18:02