Ether’s Triple Tango: A $4K Waltz or a Financial Farce? 🎩💸

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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. 🎭

  • 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