Ethereum’s Epic Comeback: Will It Soar or Just Flop? 🚀😂

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Ah, the green zone! A mystical land where dreams of Ethereum rise from the ashes like a phoenix! According to the wise Merlijn The Trader, this sacred space has been the cradle of every macro bottom for ETH since the dawn of 2017. And guess what? Each time, it was followed by a rally so powerful it could make a bull blush! 🐂💨

His weekly chart, a masterpiece of analysis, reveals three glorious moments when Ethereum caressed this support range before blasting off to heights unknown. “This time won’t be different,” he boldly declared. “Let the rally begin!” Oh, the optimism! 🎉

Current Market Status

As I pen these words on this fine Sunday, Ethereum is strutting its stuff at $2,512, a dazzling 39.3% increase over the past month! According to the oracle known as CoinMarketCap, this recent surge from the depths of under $1,900 earlier in May has been one of the most impressive monthly performances ETH has flaunted this year. Talk about a glow-up! ✨

Ethereum’s market cap is currently lounging at a cool $303 billion, with a 24-hour trading volume that’s strutting around $13.1 billion. Not too shabby, eh? 💰

Technical Setup Aligns With Bullish Sentiment

Merlijn’s long-term chart is like a crystal ball, revealing a robust technical foundation for ETH’s price. Historically, when Ethereum bounces off this upward-trending support band, it enters a phase of bullishness that could make even the most stoic investor crack a smile. With the macro pattern aligning once more, the bulls are watching closely, eagerly anticipating the next chapter—especially as Ethereum sets its sights on the $2,600–$2,800 range. 🐂💪

Will this rally follow the historical script, or will it be a plot twist worthy of a soap opera? Only time will tell, but for now, momentum and sentiment are once again dancing in Ethereum’s favor. 💃🕺

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2025-05-25 23:57