Key takeaways, darling:
-
Ethereum’s triple bottom near $3,750-$3,800? How dramatic. Cue the 10% rebound in October-because nothing says “bullish” like a chart pattern playing hard to get. 🎭
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Mega whales (10,000-100,000 ETH) are hoarding supply like it’s the last sale at Harrods. Small fry? Panicking into their teacups. 🐋🍵
Ethereum’s native token, Ether (ETH), is staging a textbook case of financial theatrics after a 6.50% October tumble. How très drame. 🎬
As of Thursday, Ether’s 4-hour chart flaunts a triple bottom-because nothing says “I’m fine, really” like bouncing off the same support level thrice. Buyers are swooping in like knights in shining armor (or algorithmic trading bots, same thing). 🛡️🤖
Each “bottom”? A tragicomedy of sellers gasping for air while buyers sip champagne. Support: $3,750-$3,800. Plot twist: The neckline resistance looms at $3,950-$4,000, flanked by a suspiciously red 50-period EMA. 🚩
Break above the neckline? ETH could pirouette to $4,280-a 10% leap! October/November encore, anyone? 🎭✨
Trading volumes? Quietly snoozing. Classic pre-breakout nap. Wake me when the whales start splashing. 🛌🐋
Bullish setup aligns with trader Kamran Asghar’s crystal ball-though he’s eyeing $4,800-$5,000 like a nervous debutante. 💎
Onchain data from Glassnode reveals a telenovela: Mega whales (10,000-100,000 ETH) are hoarding 28 million ETH. Mid-sized whales? Selling their heirlooms or panicking into the “I’m-a-big-whale-now” club. 🏺
Price correction = rich getting richer. How novel. 📖
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2025-10-23 20:09