Ethereum: Darling, It’s Recovering! 🥂

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Oh, do calm down, everyone. Apparently, these “Elliott Waves” – whatever they are – suggest Ethereum might, just might, be experiencing a little… revival. Despite all the frightful fuss, naturally. And a rather convenient Fibonacci support zone is being frightfully supportive.

Ether, bless its little heart, has staggered into a rather important area – somewhere between 1,820 and 2,620, if you’re keeping track. It seems to coincide with a Fibonacci thingummy, which everyone is terribly excited about. 🙄

Sources on that X platform – honestly, the things people occupy themselves with – are all a-twitter that the support is “stabilizing” and “molding market expectations.” As if expectations weren’t easily molded already! Traders and investors are, apparently, being lured in by the “price action.” Such drama.

One particularly earnest chap named MoreCryptoOnline informs us that Ethereum has now “achieved” a support zone. How very decisive of it. Apparently, this correction, between 1,820 and 2,620 USD, is entirely “in line with Fibonacci standards.” Honestly, one starts to suspect a conspiracy. And the weekly chart, defying recent dips, is fueling ‘speculation’ – a positively vulgar word.

Source – X. A thrilling source, I assure you.

And on the daily chart, apparently, one must be “alert.” A yellow ‘B wave’ is preparing for another little dip before a “bigger reaction.” MoreCryptoOnline adds – ever the comedian. It suggests stagnation, naturally, but also the possibility of recovery. Assuming, of course, Ethereum doesn’t do something terribly rash and fall below that support zone. One wouldn’t want that, would one?

Three Elliott Wave Signals Spark Optimism

The jiggly lines around the Fibonacci zone indicate three “important indicators” that refute “negative sentiment.” My dear, everything refutes something these days.

Source -X. Still thrilling.

First, the appearance of this corrective ‘B wave’ creates a “possible base” for a bullish response. Optimism, you see. Perhaps a move towards those elusive “all-time highs” – should confirmation emerge, which, naturally, is a rather large ‘if’.

Secondly, Elliott Wave theory – and isn’t that a delightful name – suggests the corrective phase might be over. MoreCryptoOnline assures us a larger B wave or a new C wave might send ETH “to new heights.” Oh, the anticipation! Traders are, naturally, waiting for “signs of pullback completion.” As if one can simply order a pullback.

Thirdly – and this is terribly important – the zone’s ability to absorb “market fear” suggests a few bullish participants haven’t entirely lost their faith. How touching.

Analysis suggests the next exciting chapter unfolds in the coming weeks, predicated on that support. The “community feeling” (whatever that is) is filled with reactive volume and validation of wave patterns. Honestly, it sounds exhausting.

Present price stability, you see, contradicts the general sense of uncertainty. The Fibonacci region holds “domination.” Such a strong word! A bullish bias is being ‘enhanced’ by multiple charts. Market observers are all a-quiver to see if these signals will propel Ethereum into a “new momentum stage.” One does hope they’ve packed a smelling salt.

You might also like: ETH News: Ethereum Tests $2,700 as US Jobs Data Erodes Rate-Cut Expectations. Honestly, the nerve of those jobs numbers. 😒

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2025-11-22 16:40