🚨 Ethereum Price Plunges: Will Bulls Save the Day? 🚨
Ethereum price is on a downward spiral, and it’s not even a Tuesday 🤣. The poor thing is trading below the $1,880 level, and its prospects look grim.
- Ethereum struggled to keep its head above the $2,000 resistance level, but alas, it’s now a distant memory.
- The price is stuck below $1,880 and the 100-hourly Simple Moving Average, a clear indication that it’s lost its mojo 💔.
- A bearish trend line is forming, with resistance at $1,820 on the hourly chart of ETH/USD, because, of course, it is 🙄.
- The pair needs to clear the $1,820 and $1,880 resistance levels to even think about a decent increase, but let’s be real, it’s a long shot 🎲.
Ethereum Price Dips Again: The Never-Ending Story 🎭
Ethereum price failed to keep its momentum above $2,100 and started another decline, because why not? It’s like a bad habit that just won’t quit 😒.
It tested the $1,765 zone, and a low was formed at $1,767, because who needs a high when you can have a low, right? 😂
Ethereum price is now trading below $1,880 and the 100-hourly Simple Moving Average, and it’s starting to look like a sad, sad story 🌧️.
On the upside, the price is facing hurdles near the $1,820 level, because of course it is 🙄. The next key resistance is near the $1,880 level and the 50% Fib retracement level of the recent decline from the $2,033 swing high to the $1,767 low, because math is hard 🤯.
A clear move above the $1,920 resistance might send the price toward the $2,000 resistance, but let’s not get ahead of ourselves here 🙅♂️. An upside break above the $2,000 resistance might call for more gains in the coming sessions, but we’ll believe it when we see it 🤣.
More Losses In ETH? 🤔
If Ethereum fails to clear the $1,880 resistance, it could start another decline, because why not? 🤷♂️ Initial support on the downside is near the $1,780 level, because who needs a high when you can have a low, right? 😂.
A clear move below the $1,765 support might push the price toward the $1,720 support, and then we’ll really be in trouble 😨. Any more losses might send the price toward the $1,680 support level in the near term, and we’ll be left wondering what went wrong 🤔.
Technical Indicators 📊
Hourly MACD – The MACD for ETH/USD is losing momentum in the bearish zone, because of course it is 🙄.
Hourly RSI – The RSI for ETH/USD is now below the 50 zone, because math is hard 🤯.
Major Support Level – $1,765
Major Resistance Level – $1,880
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2025-03-31 06:42