Well, well, well… here we are again, with the crypto market looking as enthusiastic as a Monday morning. Ethereum (ETH) is having a *quiet* day, with the price dropping a mere 1.53% since yesterday. Don’t worry, nothing too exciting is happening here… yet. But you never know, right?
ETH/USD
The price of Ethereum (ETH) has dropped by a staggering 1.53% since yesterday. This is either a sign of the apocalypse or just a regular Tuesday in crypto land. Who’s to say?
Looking at the hourly chart, Ethereum’s price is doing… absolutely nothing. It’s just kind of chilling in the middle of a very narrow channel. At least it’s not *falling*, so there’s that. It’s bouncing between $1,781 and $1,829. Yawn. If this trend continues, expect *more* of the same until tomorrow. Exciting stuff, I know.
On the larger time frame (because, apparently, we need a broader perspective to appreciate this thrill ride), Ethereum still can’t seem to make up its mind. Volume is low, like the energy of a sloth after a long winter. So, what does that mean? More sideways action around the $1,800 mark. Buckle up. 😴
If you’re into midterm predictions (because why not), here’s what you’ve been waiting for: the weekly bar’s closing price will likely hover around $1,857. If it does, then *maybe*, just maybe, we could see Ethereum soar to the $2,000 mark. But don’t get too excited yet; this is crypto, not a magic show.
At the time of writing, Ethereum is trading at a casual $1,807. So, yeah, that’s happening.
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2025-05-05 18:51