Ethereum’s Comeback Will Make You Laugh All the Way to the Crypto Bank

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While Bitcoin marches back to its all-time high like a proud peacock strutting its feathers, a certain sleepy behemoth has wiped the drool from its chin and leapt out of bed. Yes, Ethereum has shot up above $2,000 faster than you can say “Where’s my private key?!”

$ETH Price — Last Rites or Last Laugh?

In bull markets gone by, Ethereum would fire up the altcoins like an overzealous tea kettle once Bitcoin had finished its solo performance. But after hitting a sky-high $4,865 in November 2021 (and probably getting a bit dizzy), $ETH then plummeted into the bear market basement. Even when the 2023 bull market sent out party invitations, Ethereum RSVP’d “Maybe” and mostly lurked by the buffet.

Then came March 2024. $ETH swaggered in with a rally to just above $4,000, matched it in December for a classic double-top, and promptly tripped over its own shoelaces to tumble down to a wobbly $1,400 support. There were whispers through the cryptoverse: “Should we say a few kind words for this blockchain beast?” Absolutely not. Despite being outpaced by flashier Layer 1s, Ethereum remains the old, reliable granddad of blockchains—still handing out sweets and occasionally shouting at the telly. A comeback was bound to happen sooner or later. 🍬

$ETH Blasts Through Downtrend Line—Kaboom!

And what a comeback! Ethereum battered through its downtrend line with a mighty 37.5% double whammy of green candles. Picture a rocket that didn’t care about gravity, soaring from $1,800 to nearly $2,500 in a wild, two-day joyride. If that doesn’t wake up the altcoins, perhaps nothing will—except maybe Greg from Accounting announcing free donuts. 🍩

Alas, the rampage was halted at $2,500, where resistance stands strong and surly, like a bouncer checking IDs. The fancy Stochastic RSIs on 4, 8, and 12-hour charts are all rolling their eyes, hinting that a little nap… er, consolidation… might be next. Bulls now face the classic dance: hold onto those hard-won gains and maybe scramble up and over $2,500 for a proper victory jig. If they can’t, there’s a cozy support sofa waiting at $2,150 to $2,000.

$2,500: Unbreakable Fortress or Just Another Door?

Zoom out to the monthly view and you’ll see $2,500 sticking out like Aunt Marge’s hat at a wedding. Will it fall this second try? Maybe not. But the Stochastic RSI has started to tap dance upwards. If it crosses that magical 20.00 line, hold onto your hat—momentum could go bonkers. Last time this happened, Ethereum blasted 242% upwards. If that little trick repeats, the all-time high won’t just be broken, it’ll be left sobbing in the dust, screaming, “Wait for me!” 🚀

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2025-05-09 15:34