Oy vey! Ethereum, it’s trying to do a little dance above $1,820, but it’s like trying to make a matzah ball float 🪅. It ain’t happening! Now it’s just kvetching and consolidating losses. Resistance? Fuggedaboutit near the $1,840 zone!
- Ethereum couldn’t stay up above the $1,850 and $1,840 levels. What a shanda!
- The price is schlepping below $1,840 and that 100-hourly Simple Moving Average. Simple? More like simpleton!
- There’s a bearish trend line forming, like a bubbe’s disapproval, with resistance at $1,810. Data feed via Kraken? More like data feed via schlocken!
- To start a decent increase, it’s gotta clear $1,820 and $1,840. It needs a miracle, I tell ya!
Ethereum Price Dips Further – Such a Tragedy!
Ethereum price couldn’t stay above $1,800, and extended losses, like Bitcoin. Like a meshuggener with no direction. It went as low as $1,751 and then said “Okay, I’ll correct some gains” There was a move above $1,780 and $1,800. Such chutzpah!
The bulls tried to push the price above the 23.6% Fib retracement level, but the bears are all over it near $1,820. It’s consolidating, facing hurdles. It’s like trying to make a decent cup of coffee with instant crystals. Oy!
Ethereum is now trading below $1,820 and the 100-hourly Simple Moving Average. On the upside, it’s facing hurdles near $1,810. There’s also a bearish trend line forming with resistance at $1,810. Such tsuris!
The next resistance is near $1,840 or the 50% Fib retracement level at $1,850. The first major resistance is near $1,880. It needs a shot of chicken soup!
A clear move above $1,880 might send it toward $1,920. An upside break above $1,920 might call for more gains. Ether could rise toward $2,000 or even $2,050 in the near term. Maybe pigs will fly too! 🐷
Another Decline In ETH? Nu?
If Ethereum fails to clear $1,850, it could start another decline. Initial support is near $1,765. The first major support sits near $1,750. Like trying to find a parking space in Manhattan!
A move below $1,750 might push it toward $1,720. Any more losses might send it toward $1,680. The next key support sits at $1,620. Maybe we should all just invest in rugelach. 🥯
Technical Indicators? Feh!
Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. So what else is new? 🤷♀️
Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Big deal! 😒
Major Support Level – $1,750. Good luck with that! 🍀
Major Resistance Level – $1,850. Dream on! 😴
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2025-04-04 06:44