Will Ethereum Hit $4,600? The Bulls Are Back, but So Is Boredom 🐂💸

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Ah, the eternal dance of buyers and sellers-like two cats circling a fishbowl. According to CoinStats, the buyers are finally trying to claw their way back into the game during the second half of the day. Will they succeed? Or will they trip over their own tails? 🐱‍🏍

ETH/USD: The Soap Opera Continues

Ethereum (ETH), that darling of decentralized dreams, has managed to rise by a modest 0.57

On the hourly chart, ETH has hit a local resistance level of $4,428. If the daily bar closes above this magical number-and without a long wick wagging like a disapproving finger-we might see growth inching toward the $4,500 mark by week’s end. But hey, who needs excitement when you can have… charts? 📊🙄

Zooming out to the longer time frame (because why not?), all eyes should be on the $4,491 level. If the daily bar breaks through this ceiling like an overeager houseguest, the pent-up energy could propel ETH to the $4,600 zone. It’s like watching paint dry, but with more decimals. 🎨💤

From a midterm perspective, however, things look as thrilling as watching grass grow. The main altcoin is floating aimlessly, far from any meaningful support or resistance levels. And let’s not forget the volume-it’s so low that even the traders are yawning. 😴📉

At press time, Ethereum is trading at $4,478. A rollercoaster ride? Hardly. More like a merry-go-round stuck on its slowest setting. 🎠🐢

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2025-09-05 17:09