ETH Price: Bulls on a Sugar High or Real Deal? 🚀💰

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So, Ethereum‘s price is doing this whole “upward move” thing above $3,120. Big whoop. Now it’s “consolidating gains” like it’s some kind of real estate mogul. Next stop, $3,250? Sure, Jan. 🤑

  • Ethereum decided to moon above $3,050 and $3,150. Because why not? 🌕
  • It’s trading above $3,200 and the 100-hourly Simple Moving Average. Yawn. 📈
  • Oh, and there’s a “bullish trend line” at $3,185. How cute. 🐂
  • If it clears $3,250, it might keep going up. Or not. Who knows? 🤷♂️

Ethereum Price: Still Kicking, Somehow

So, Ethereum started this “fresh increase” after chilling above $3,050. Just like Bitcoin, because it’s a copycat. 🚀 Then it broke through $3,120 and $3,150 like it’s a big deal. The bulls even pushed it to $3,264 before it decided to take a nap. Now it’s “consolidating gains.” Sure, sure. 😴

It dipped below the 23.6% Fib retracement level. Ooh, scary. Not. It’s still above $3,200 and the 100-hourly SMA. And there’s this “bullish trend line” at $3,185. How exciting. 🥱

If the bulls can keep it together below $3,150, it might try to go up again. Big deal. Resistance at $3,240, then $3,250, then $3,265. Who’s keeping track? Not me. 😒

If it breaks $3,265, it might hit $3,350. Or $3,450. Or even $3,500. Or maybe it won’t. Who cares? 🤪

Downside Correction? More Like Downside Snooze Fest

If Ethereum can’t clear $3,250, it might drop. Shocking. Support at $3,200 or the 50% Fib level. Then $3,185 and the trend line. Below that, $3,120. Or $3,050. Snore. 😴

Technical Indicators (because we need more of those)

Hourly MACD – Losing momentum. Big surprise. 📉

Hourly RSI – Above 50. Wow. 😐

Major Support Level – $3,185. Whoop-de-doo. 🛑

Major Resistance Level – $3,250. Yawn. 🚧

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2026-01-06 06:30