ETH Shoots Up, Bears Snooze: Does Ethereum Have FOMO or Just Funyuns?

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Sellers, it seems, are still sitting on their porches whittling sticks, not quite ready to jump into the hot water on a Saturday, says CoinStats (who’ve probably had more coffee than sense this morning).

ETH/USD

Ethereum (ETH) has gone up by 4.33% since yesterday, which is about as surprising as a sneeze in a pepper mill. 🚀 Somebody light a cigar!

Looking at the hourly chart, it seems ETH has found resistance at $2,448—a number as stubborn as Aunt Polly after Sunday church. Seeing as most of the ATR has already come and gone, don’t hold your breath waiting for wild price stampedes before tomorrow morning.

Bigger time frame? Well, the main altcoin’s still fenced in by yesterday’s bar, meanin’ neither the bulls nor the bears are winning the tug of war. A real political debate, if you ask me. 🐂🧸

If you’re dreaming of riches and lambos, you’d best wait for a breakout above $2,533 before you start writing your resignation letter. Otherwise, you’re just another prospector panning for gold in a cow pond.

Throwing an eye at the week, there’s no hint the trend is ready to flip like a pancake just yet. If things stay where they are and the weekly candle sputters out around this range, get ready for another poke at $2,500-$2,600. Hold onto your hats (and your wallets). 🤠💸

At the time I’m scribbling this, Ethereum’s trading at $2,424. I’d say that buys a lot of corncob pipes—or one slightly-used Tesla door handle. You do you.

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2025-05-10 18:34