Oh, what a jolly good show! Ethereum (ETH) has decided to do a little jig, leaping over 10% in just an hour! All thanks to a certain Mr. Trump, who, in a fit of generosity, announced a 90-day pause on import duties for everyone except China. How delightful! 🎉
Now, hold onto your hats, dear readers, because the tariff tussle between the U.S. and China has sent the markets on a roller-coaster ride that would make even the bravest of souls squeal! Just a tick before this joyous news, ETH was sulking below $1,400, wallowing in the depths of despair like a sad little puppy. But lo and behold! It has sprung back to life, dancing at a sprightly $1,662 – a whopping 12.36% increase in the last 24 hours! 💃
With a trading volume that could fill a swimming pool (a staggering $36.04 billion, mind you), ETH has reclaimed its throne with a market cap of $200 billion. It’s like watching a phoenix rise from the ashes, only this phoenix is made of digital coins! 🦅
As ETH bounces back from its two-year low, one can’t help but wonder if this is the start of something grand. The market seems to be donning its party hat, and the uncertainty of tariffs is just a pesky fly buzzing around. 🥳
Is This ETH’s Grand Comeback? 🤔
Once the most pitifully sold crypto asset during the tariff tantrums, ETH has now bounced back with a vigor that would make a kangaroo jealous! It seems the rally might just keep on rolling for the next three months, as the market is currently as clear as a sunny day! ☀️
Our dear friend, CryptoBullet, a well-known trader and analyst, has been watching this spectacle with keen eyes. He’s all aflutter about the $1550 mark, which he claims is the magic number for a bullish breakout. How thrilling! 🎩
$ETH #ETH 1W
What a delightful bounce! Clearly, the markets are tickled pink by the 90-day tariff pause!
👉 So, we have three whole months for the markets to frolic (remember my mid-term rally scenario, right?)
I’m just itching to see that weekly candle close above $1550 and form a lovely green hammer candle! 🤞
— CryptoBullet (@CryptoBullet1) April 9, 2025
Our trader friend is hoping for a weekly candle to close above that magical mark, forming a green hammer candlestick – a sign of strong buying pressure after a gloomy downtrend. How poetic! 📈
CryptoBullet also mentions a “mid-term rally scenario,” drawing parallels to the historical shenanigans of the 2021 Bitcoin rally followed by a rather dramatic correction. This suggests a potential three-month upward trend for ETH, giving the market a chance to grow during this tariff timeout. 🕰️
And let’s not forget the upcoming Pectra upgrade! It’s like a birthday party for Ethereum, and every major upgrade tends to leave a delightful impact on ETH’s price. This time, it could be a splendid gift for the largest altcoin! 🎁
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2025-04-09 21:57