Ethereum’s Price Escapade: Has ETH Finally Escaped its Porridge Prison?

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Ethereum, that sprightly young thoroughbred, has once again bounded over the $2,520 hurdle, leaving naysayers and short-sellers holding their hats and monocles in sheer disbelief. ETH now perches jauntily above $2,550, clearly contemplating whether to pop another champagne cork and run for more glory. 🥂

  • Ethereum fancied a delightful trot past the $2,550 milestone.
  • The current position? Lounging above $2,565, with the 100-hourly Simple Moving Average serving tea.
  • Our hero crushed a “key bearish trend line” at $2,520, rather like Jeeves dispatching an unsightly cravat.
  • So long as the price does not take fright below $2,520, further prancing upwards seems entirely possible.

Ethereum’s Grand Rampage for Riches

Emboldened by the successes of its distant relation, Bitcoin, Ethereum decided there was simply nothing to lose by barging past $2,520, much like Bertie Wooster slyly sneaking another biscuit. Not content with that, it zipped right through the $2,550 zone and set up shop in positive territory, all stiff upper lip and boundless optimism. 🏇

Imagine a battalion of digital bulls, carrying ETH aloft over the 50% Fib retracement of a ghastly tumble from $2,636 to $2,475. Along the way, any bearish resistance lines that dared stand in its way were brushed aside with a polite “not today, old bean”.

Now dawdling above $2,565 and enjoying the cozy warmth of the 100-hourly Simple Moving Average, ETH has its monocle trained on $2,600. This, incidentally, coincides with the rather dashing 76.4% Fib retracement—an irresistible invitation for further price shenanigans.

Should ETH wake up on the right side of the bed, it might jaunt through the first resistance at $2,620 before leading a conga line past $2,650, perhaps with a sighting near $2,720 if the bulls have had their oats.

A scamper above $2,720 and—one almost hates to say it—the party hats may come out as it makes a charge for $2,750 or even $2,800. (Some say next stop: the moon. ETH simply asks for directions.) 🚀

Is ETH About to Trip Over Its Own Shoelaces?

Naturally, markets enjoy a good knees-up before someone spills the punch. If ETH fails to charm its way past $2,600, a sulky retreat remains perfectly possible. The first handkerchief to dab tears would be produced at $2,550, with the emergency biscuits stored at $2,520.

A true mishap below $2,520 might see ETH slink down to $2,500, with continued pratfalls leading to $2,420 and, in the gravest case, $2,350. Best keep the smelling salts handy just in case.

Technical Mumbo-Jumbo:

Hourly MACD – Whispered in the club that it’s firmly perched in the bullish zone, sporting a cravat.

Hourly RSI – Now wagging a finger above the 50 zone. Good show.

Major Support Level – $2,520 (steady as Jeeves’ hand with the silver tray)

Major Resistance Level – $2,600 (could be as troublesome as Aunt Agatha)

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2025-07-07 06:30