Ethereum on the Ups and Downs: Bulls vs. Bears! 🐂🐻

So Ethereum price tanked below the $4,550 zone and is now, what? Trying to get back? It’s like watching a dog chasing its tail in a wheelchair. Might run into a wall at the $4,420 zone.

Still struggling to get over the $4,500 hurdle. 🤦‍♂️
Trading below $4,500 and some fancy-schmancy 100-hourly Simple Moving Average. Like, who even uses that stuff?
A bearish trend line at $4,430 on the ETH/USD chart (thanks, Kraken), just to make things fun. 🐻
Could see a decent uptick if it manages to close above the $4,450 level… in the near term. If that even matters anymore. 🤷‍♂️

Ethereum started climbing back up after scraping $4,220. Like Bitcoin, just quieter. It nailed tight ropes at $4,280 and $4,320 like a pro artist. 🎨

Beat the 50% Fibonacci retracement from $4,491 to $4,213, but then it got bored and looked like a base above $4,200. Oh, and those pesky bears didn’t stay quiet past $4,400. 🐻😤

Trading under $4,450 and that 100-hourly SMA. Another downward trend line at $4,430 on the ETH/USD chart. Somebody order me a coffee? ⏳☕

Upward resistance at $4,385, also known as the 61.8% Fibonacci level from $4,491 to $4,213. First major roadblock is $4,400. Nope, not there either! Then, let’s face it, at $4,430. 🛑

Clear the $4,430, then maybe it’ll get to $4,500. Bounce above $4,500, and then who knows? Maybe toward $4,550. Or, hey, stretch it to $4,580? Good luck with that. 🤞

Maybe Another TNT to the Downward Direction?

If $4,430 slips away, it’ll take another nosedive. First annoying support is at $4,320. The big deal is at $4,250. 😅

Slide under $4,200, and it’s chaos back to $4,160. Another pit stop is conveniently at $4,120.

Technical Indicators? Really?

Hourly MACD is doing a little happy dance in the bullish zone. 🕺

Hourly RSI is above fifty now. 🎷

Major Support: $4,250 – like a cozy little nest.
Major Resistance: $4,430 – like a wall of hay. 🌾

2025-09-02 07:19

Maybe Another TNT to the Downward Direction?

Technical Indicators? Really?

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