Ethereum Is Dropping Again and My Portfolio Is Weeping: What Happens Next Will SHOCK You

Buckle up, because Ethereum’s been on more emotional rollercoasters than my last three relationships. After a bold attempt at $1,690, ETH hit the wall and is currently sulking below $1,580. HODLers, grab your snacks—drama incoming! 🎢👀

• Ethereum tried to break $1,700 (close, but no cigar) and took a dramatic nosedive instead.
• Currently trading below $1,620 and getting ghosted by the 100-hourly Simple Moving Average. Ouch.
• That perky bullish trend line at $1,625? Yeah, that broke faster than my resolve to avoid carbs.
• Rumor has it, if ETH actually manages to hurdle $1,640, we might see some fireworks. Or… not.

Ethereum Price Faces Rejection (Like Your Middle School Crush)

Ethereum formed a base above $1,550, much like I settle for salad when I really want fries. ETH climbed above $1,600 and $1,620, got a little cocky above $1,650, and then—reality check—back under $1,640.

Broke its shiny bullish trend at $1,625 and is now sitting sadly below $1,625 and the 100-hourly SMA. Basically, ETH is in timeout, pondering its life choices.

The $1,620 level is acting like a velvet rope outside an exclusive club. Next resistance? $1,640—and if ETH can stop tripping over itself, maybe $1,650. A daring move above that and we’re talking $1,690. Who knows, maybe even $1,750 if the crypto gods are feeling generous.

If ETH can moon over $1,690, break out the celebratory pizza, because $1,800 is on the table. (But so is a box of tissues if it flops again.)

More Losses In ETH? The Downside Plot Twist

If $1,640 stays out of reach, brace yourself for another drama drop. Support is chillin’ at $1,580, with $1,555 looming, emotionally unavailable. Fall through that, and the final catch net is $1,525… unless ETH really wants to test your nerves and visits $1,450 or $1,420. Welcome to the rollercoaster—please keep your arms and sanity inside the vehicle. 🎠😬

Technical Indicators:

Hourly MACD – ETH is flexing in the bearish zone (so, basically leg day at the gym—awkward and painful).

Hourly RSI – Living its best life below 50. Could use a pep talk.

Major Support Level – $1,580 (aka the emotional support puppy)

Major Resistance Level – $1,640 (the bouncer at the crypto club)

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2025-04-16 06:43