Honestly, darling, Ethereum‘s attempting a recovery above $4,350. A recovery! As if anything truly *recovers* these days. It’s all frightfully precarious, you know. One suspects it might merely be delaying the inevitable. And the $4,500 mark? Well, that’s proving rather stubbornly resistant, isn’t it?
- Ether is, shall we say, *negotiating* with the $4,500 level. It’s a standoff, really.
- Currently bobbing along above $4,400… and something called a 100-hourly Simple Moving Average. Sounds terribly complicated.
- There was a breach of a “bearish trend line” – whatever that is. One pictures a very disgruntled bear.
- If, and it’s a *large* if, it manages to close above $4,500, there might be a “decent increase”. One mustn’t get one’s hopes up.
Ether’s Fleeting Revival
It’s attempting to rally, ever so slightly, after establishing a base above $4,200 – much like Bitcoin, naturally. Following the herd, as always. It’s managed to overcome $4,265 and $4,320, which is… something. Progress, perhaps?
The blighters even cleared a ‘Fib retracement level’ (good heavens, the jargon!). And that bearish trend line succumbed. Such drama! On the hourly chart, naturally.
Trading above $4,420 and that terribly dull moving average. However, $4,500 looms – or the 61.8% Fib thingy. One is simply *exhausted* keeping track. Honestly, it’s all so… exhausting.
And should it miraculously get past that, there’s $4,520 and then, the truly ambitious $4,555. Should it surpass that, well, then one might dare to speculate about $4,620. And then…$4,660 or even $4,720! Really! 🥳
And What If It Doesn’t?
If it fails at $4,500-and frankly, one wouldn’t be surprised-a retreat is likely. $4,400 is the first point of possible ignominy, followed by $4,360. Oh, the indignity!
Below $4,360… $4,315. Then things get *really* dismal. And finally, $4,260. It’s all frightfully predictable, isn’t it? 😒
Technical… what?
Hourly MACD – Losing momentum. Predictable.
Hourly RSI – Above 50. Well, that’s… marginally encouraging.
Major Support Level – $4,360. A rather flimsy prop, if you ask me.
Major Resistance Level – $4,500. The Everest of Ether. Good luck with that. 🍀
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2025-09-04 06:25