Is Ethereum in Peril? The Weekend of Woes for Cryptocurrency!

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Ah, the weekend, that delightful time when one hopes for relaxation, yet finds oneself ensnared in a most unfortunate market correction, or so laments CoinMarketCap. 😂

ETH/USD – A Tragicomic Performance

Behold! The noble Ethereum (ETH) finds itself stumbling down the slippery slope of despair, having withered by a measly 1.68% in merely 24 hours. Oh, the humanity! 🎭

In the fickle realm of time, our dear ETH now dances dangerously near the local support of $2,932. Should it take a tumble, we shall likely witness a tragic descent to the ominous $2,900 zone by the morrow. Such is the jester’s fate! 😱

In the grander scheme of things, this melancholic altcoin finds itself confined within the candlelight of yesteryear’s performance, showcasing a stalemate where neither side emerges victorious. A veritable battle of the wits, would you not agree? 🤔

Should nothing shift within this farce, the unending saga of sideways trading appears to loom ominously upon us. What a riveting thriller this is! 📉

However, if one looks through the rose-tinted spectacles of midterm foresight, a shimmer of bullish hope emerges! Should the weekly bar dare to close above the illustrious mark of $2,857, we may yet reach the lofty heights of $3,000-$3,100 by month’s end. Dare I say, a plot twist worthy of Molière himself! 🎉

At the moment, Ethereum is frolicking around the figure of $2,937, caught in this grand spectacle of financial feasting and folly.

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2025-07-12 17:43