Ah, Ethereum-once the golden child of crypto, now stumbling like a drunkard after midnight.
Since its feeble attempt to reclaim glory on August 13, ETH has descended with all the grace of a sack of potatoes tossed down a staircase. Down 10% in five days, and the bears are sharpening their claws for more.
Bears Claim the Throne 🐻👑
The long/short ratio? A pitiful 0.90-traders fleeing like rats from a sinking ship. Fewer bulls mean fewer dreams, and right now, dreams are as scarce as profits in a bear market.
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This ratio? Oh, just a simple tale-if above 1, traders pray to the moon gods; below? They’ve already sold their hopes for ramen money.
ETH futures traders, once brimming with optimism, now huddle in bearish despair. The MACD crossover? A big, fat “sell everything” sign. The blue line surrendered below the orange. Pathetic.
The MACD-supposedly a tool for smart traders-now just confirms what we already know: ETH’s downward spiral has all the elegance of a collapsing Jenga tower.
Will ETH find solace at $4,000? Who knows? Right now, it’s skating on thin ice with the grace of a walrus on roller skates.
The Final Showdown 🔮
Current price? A measly $4,224. Will whales rescue it? Or will panicked traders turn it into crypto roadkill? $4,063 is the next stop-after that, well… $3,491 awaits like a cheap motel.
And if… if… new buyers emerge? Maybe, just maybe, ETH claws back to $4,793. Break that? Dream again. But let’s be real-hope is the first step toward disappointment in crypto. 🚀🔥
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2025-08-18 15:36