Ethereum’s Perfect Buy Zone or Just Another Price Dip? You Decide! 💸💥

by

Oh, look! Ethereum (ETH) has decided to go on a little rollercoaster ride and is now trading at around $4,500, after dipping a lovely 4% in the past 24 hours. 🎢 Hold on tight, folks!

But wait, hold your horses! Despite the dip, the analysts are still watching this zone closely. Why? Because this is where buyers have had a “love affair” with ETH in the past. And let’s not forget, the 7-day change is still looking rosy, with ETH up by 5% over the week. Someone’s feeling bullish! 📈

ETH/BTC Pullback May Offer a Golden Opportunity… Or Maybe Just Glitter

Michaël van de Poppe, your friendly neighborhood analyst, posted a weekly ETH/BTC chart, showing an impressive rally earlier this year. The pair surged more than 140% from the low, reaching a high near 0.038. Right now, it’s hanging around 0.0365. Where’s it headed? To the moon? Or just a pit stop at the local convenience store? 🚀

Van de Poppe also pointed to a magical range between 0.0325 and 0.03 BTC as a potential “sweet spot” to buy. This zone used to be a resistance-now it’s chillin’ like a villain near the 10-week moving average. But don’t get too comfortable; lower support levels at 0.026, 0.0232, and 0.0194 might make an appearance. Don’t say we didn’t warn you! 🕵️‍♂️

Now, let’s get even juicier. Merlijn The Trader posted another chart showing ETH/BTC breaking above a trendline that’s been holding for… wait for it… EIGHT YEARS. Yeah, eight. So, that breakout? Might just be a sign of a major shift in momentum. 🔥

“Ethereum doesn’t crawl out of patterns like this. It erupts,” Merlijn boldly declared. Talk about dramatic!

And guess what? His chart is showing a possible move for ETH/BTC toward a sweet 0.10-0.12 range. 🤑 If you’re into that sort of thing.

Daily Chart Says “Hold My Beer”

Trader Tardigrade, who’s apparently a fan of patterns (and maybe also beverages), posted a repeat pattern on the daily chart. ETH has been on a weird little loop lately-trading sideways, dipping just below support, and then… boom, it goes higher! Talk about a suspenseful plot twist. 📉➡️📈

Guess what the latest setup is? ETH dipped below $4,600 before getting a little bounce. The chart is suggesting a potential rise to the $5,800-$6,200 range. Maybe? Tardigrade’s hinting that the “Ethereum pump” might still be in full swing. 🚴‍♀️💨

The Legendary Danger Zone: Enter If You Dare

Since 2021, Ali Martinez has dubbed the $4,000-$4,800 range as ETH’s official “danger zone.” 🚨 And you know what? ETH has tried to break this range several times, only to be swiftly rejected like a bad date. Each rejection? A hefty pullback-sometimes a decline of over 80%. Ouch! 😬

And now… drumroll, please… ETH is back in that zone, trading around $4,500. It’s like déjà vu. Ali Martinez is watching this level closely and suggests you might want to hold off on throwing your life savings in just yet. Every time ETH has touched this range, it’s been followed by a correction. Be careful out there, folks. 🧐

Read More

2025-10-08 20:03