The Curious Case of Ethereum: Will It Reach the Sky Again?

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In the great, smoky theatre of our modern economy, where ledgers chatter and opinions clap like impatient spectators, Ethereum (ETH) climbs past 4,500 dollars as if stirred by a gust from the heavens, approaching some new peak that taunts the horizon with a wink and a sigh. A creature of many forms, it pretends to be the second-largest by market cap, yet behaves with the gravity and whim of a provincial official who found a new hat. 😏

The second-largest cryptocurrency by market capitalization is showing signs of renewed investor optimism. Yet whether it can surpass $5,000 will depend on guarding the sacred numbers-the technical and the psychological-like a clerk guarding his stamps from a careless customer. If the gods of charts frown, the dream of five thousand may recede like a footman at the door shouting “Next!”

Ethereum Holders May Not Sell

Currently, about 97% of Ethereum addresses are in profit. Historically, when this share crosses the 95% mark, it signals a potential market top as investors begin realizing gains. In past cycles, this level often preceded short-term reversals, as traders rushed to secure profits, as if cash were a hot dumpling slipping from the plate. 😂

Yet Ethereum’s stubborn spine amid these signals hints at a shift in investor behavior. Despite briefly entering the “profit saturation zone,” ETH managed to maintain its uptrend, buoyed by broad market bullishness. This suggests that even with many holders in profit, selling pressure may be limited, allowing the cryptocurrency to sustain its momentum in the near term. A curious spectacle, indeed-like a crowd applauding a belligerent street dog that somehow keeps wagging its tail. 🐕💹

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Ethereum’s macro outlook remains optimistic. The Moving Average Convergence Divergence (MACD) indicator recently registered a bullish crossover, signaling strengthening upward momentum. This shift marks a transition from consolidation to a potential breakout phase, often associated with extended price rallies. The air smells of possibility, like a new maslenitsa cape fluttering in the wind. 😄

Additionally, the indicator’s histogram continues to expand positively, reinforcing the view that bullish momentum is building. If this trajectory persists, Ethereum could see renewed inflows from traders and institutional investors, further propelling its climb. Maintaining momentum above $4,500 will be essential to secure confidence across the market.

ETH Price Needs A Bounce

Ethereum’s price stands at $4,523, testing the $4,500 level as new support. This level must hold for ETH to advance toward the next key resistance at $4,775. A successful breakout here could set the stage for another leg higher. One can almost hear the crowd whisper, “Go on, surprise us again,” while adjusting their hats. 🎩

Given the strengthening technical setup and bullish indicators, Ethereum could potentially rise past $4,775 to retest its all-time high of $4,956. Sustaining that move could open the door to a push beyond $5,000, marking a historic milestone for the altcoin king. The town crier would surely raise his voice: to the moon, and perhaps to a habitable moon for calculators and dreams alike. 🚀

However, if investors start taking profits after the latest surge, Ethereum’s price could lose its footing. A drop below $4,500 may trigger a correction toward $4,222, invalidating the bullish outlook in the short term. Then the chorus of market prophets will clear their throats and mutter, “Perhaps it was a season for profit, perhaps not.” 🤔

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2025-10-05 22:19