ETH: Buy the Dip or Run for the Hills? 😱

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Right, so Ethereum decided to have a little wobble. A ‘correction’ they’re calling it, which is just a fancy way of saying it briefly remembered it’s not a magical money tree. It dipped from around $4,780, because apparently even crypto needs a lie-down sometimes. Now it’s kinda bobbing around near $4,480, trying to look enthusiastic. 🙄

  • Apparently, it’s ‘freshly increased’ above a few numbers. Very impressive.
  • It’s currently ‘trading’ above something called a ‘100-hourly Simple Moving Average’. Sounds…intense.
  • There’s a ‘bullish trend line’ involved. Which, honestly, sounds like a euphemism for something.
  • If it stays above $4,500, it *might* go up. No promises, though.

Is This Dip Just…Attractive? (Don’t Ask Me)

So, it briefly outshone Bitcoin (🎉 party!), climbed past a few more arbitrary price points, and then got a bit ambitious and tested $4,780. It peaked, it corrected, it retraced – it’s basically living its best financial life. The 23.6% Fib retracement level is apparently important, or something. Honestly, these numbers are starting to blur. 🤔

Luckily, the ‘bulls’ (aka people with a lot of money) intervened near $4,480 and defended the 50% Fib thingy. Progress! Now it’s trying the whole ‘rising and showing positive signs’ trick again. Bless.

And now we’re back to talking about $4,550 and that 100-hourly Simple Moving Average. It truly never ends. There’s also the ‘bullish trend line’…still feeling skeptical. Apparently, $4,640 is a potential obstacle. The drama!

If it gets *past* $4,640, then who knows? $4,680? $4,720? $4,780? Possibly even the dizzying heights of $4,880 or – brace yourselves – $5,000! It’s all a bit much, really. 🫠

Oh, But What If It Just…Keeps Going Down?

Of course, there’s also the small chance it completely flops and everyone panics. If it can’t get past $4,700, expect a bit of a tumble. $4,550 is the first line of defense, followed by a rather crucial $4,500…then things get messy. Down to $4,400, $4,315, and potentially even $4,250. Basically, a crypto rollercoaster. Exciting! 🎢

Technical Indicators: Apparently, things are ‘losing momentum’ and ‘above 50’. Look, I’m more of a ‘gut feeling’ kinda person. 🤷‍♀️

Major Support Level – $4,500 (still!)

Major Resistance Level – $4,700 (still trying!)

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2025-08-15 06:25