Well, well, well! Ethereum has found a cozy little spot at $2,350 and decided to throw a party! 🎈 It’s on the rise, folks, and it might just be eyeing that $2,580 resistance like a kid in a candy store!
- Ethereum kicked off a nice little rally above $2,480 and $2,500. Who knew it had it in it? 💪
- The price is strutting its stuff above $2,520 and the 100-hourly Simple Moving Average. Look at it go! 🕺
- There’s a bullish trend line forming, like a superhero cape, with support at $2,500 on the ETH/USD hourly chart (thanks, Kraken!). 🦸♂️
- If it can just clear that pesky $2,585 resistance, it might just flex its muscles! 💥
Ethereum Price Aims Higher
Now, Ethereum did take a little tumble below $2,500, unlike its buddy Bitcoin, who’s just chilling. But don’t worry, the bulls are still hanging out around the $2,450 zone, ready to party! 🐂
After hitting a low of $2,445, Ethereum decided it was time to rise and shine! It jumped above $2,480 and $2,500, surpassing the 50% Fib retracement level like a champ! 🏆
Currently, Ethereum is trading above $2,520 and the 100-hourly Simple Moving Average. That bullish trend line is still holding strong at $2,500. Go, Ethereum, go! 🚀
But hold your horses! It might face some resistance near $2,555. It’s like trying to get into an exclusive club! The next big bouncer is at $2,585, and if it can get past that, it might just waltz up to $2,620 and beyond! 💃
If Ethereum breaks above $2,650, we could be looking at a wild ride to $2,720 or even $2,800! Buckle up, folks! 🎢
Another Decline In ETH?
But wait! If Ethereum can’t clear that $2,620 resistance, it might just start a downward spiral. Initial support is hanging out at $2,500, and the first major support is at $2,450. Don’t let it fall, Ethereum! 😱
If it dips below $2,450, we might see it slide down to $2,420, and if it really gets sad, it could hit $2,320. The next key support is at $2,250. Yikes! 😬
Technical Indicators:
Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Go, Ethereum, go! 🚀
Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Feeling good! 😎
Major Support Level – $2,450
Major Resistance Level – $2,620
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2025-05-21 06:24