Ethereum’s Epic Plunge: From “To the Moon!” to “Oh Crap!” 🚀💩

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Ethereum was having such a nice day until someone yelled “SELL!” and now it’s tumbling faster than a fat guy at a trampoline park. ETH is currently doing its best impression of a lead balloon below $4,000, and if it breaks $3,920, well… let’s just say hodlers might need therapy.

  • Ethereum’s price is dropping faster than my pants at a Vegas buffet.
  • It’s currently trading below $4,050 and the 100-hourly Simple Moving Average (whatever that means).
  • The bullish trend line? More like bull-ish-t trend line now! Support at $4,100? As useful as a screen door on a submarine.
  • If it drops below $3,920, we might need to start calling it Ethe-rekt.

Ethereum’s Price Correction: AKA “The Great Depression Part 2”

Ethereum was feeling all high and mighty above $4,050, strutting around like Bitcoin‘s cooler younger brother. It even hit $4,200 before the bears showed up like uninvited in-laws at Thanksgiving. A high was formed at $4,252, and then… kaboom! Down we go!

First it dropped below $4,120 – “No biggie,” said the traders. Then $4,050 – “Just a correction,” they lied. Then it broke the 50% Fib retracement level (which sounds painful and probably requires ointment). The bullish trend line? More like a bull-excrement trend line now!

ETH is now trading below $4,080 and that fancy 100-hourly Simple Moving Average. If it tries to recover, it’ll face resistance at $4,040 like I face resistance at the gym – briefly and unsuccessfully.

Chart showing Ethereum's price going from 'Yay!' to 'Nay!'

The first major resistance is near $4,120. If it breaks through that, maybe it’ll head toward $4,200 again. Break above that? Well then we’ll all be driving Lambos! Or more likely, buying more ETH before the next crash. The circle of crypto life!

Is ETH Going to Zero? (Asking for a Friend)

If Ethereum can’t get past $4,080 resistance, we might be in for more pain. Initial support is at $3,950 – which sounds like a great price for a used car but a terrible price for ETH. Major support is at $3,920, which is coincidentally how much I’ve lost today in emotional distress.

If it breaks below $3,920, next stop is $3,880 – at which point we might as well rename it “Ether-neum.” Any lower and we’re looking at $3,840, which is still better than my 401(k) performance.

Technical Indicators (Because Someone Has to Pretend This Makes Sense)

Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone (translation: the bears are winning and they brought friends).

Hourly RSI – The RSI for ETH/USD is now below the 50 zone (which is bad, unless you’re golfing).

Major Support Level – $3,920 (aka “The Price Where I Start Crying”)

Major Resistance Level – $4,080 (aka “The Price Where I Stop Crying”)

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2025-10-29 06:25