ETH Soars 9% Weekly! Can It Survive the $4,505 Gauntlet? 🚀💥

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My dear reader, Ethereum flutters about the $4,400 mark, up 6% in 24 hours and 9% this week. How thrilling! One might say it’s attempting to outdance the stock market in a sequined tutu. 🎭

Analysts, ever the drama queens, whisper of $4,505 as a “key level.” A breakout, they claim, could fuel “the next move higher.” How very Shakespearean-though I’d rather not be the one holding the torch when the plot thickens. 🔥

$4,505 Resistance in Focus

Crypto oracle Ali Martinez, a self-proclaimed “chart whisperer,” insists $4,505 is “critical resistance.” According to the almighty UTXO Realized Price Distribution (URPD), 1.75 million ETH-2.25% of supply-last traded hands at this price. A veritable treasure trove of selling pressure, if you ask me. 💰

$4,505 is one of the most important resistance levels to watch for Ethereum $ETH.

– Ali (@ali_charts) October 2, 2025

Imagine, if you will, 2.25% of the supply eyeing this price like a buffet. A sustained push above $4,505 might just “ease selling pressure,” but I’d wager a hat on the possibility of a dramatic rejection. After all, nothing says “confidence” like a market flinching at its own reflection. 😏

Cup and Handle Breakout

Merlijn The Trader, a man who probably owns a monocle, has spotted a “cup and handle” formation spanning three years. The cup? A “deep consolidation.” The handle? A retest near $4,300. And now, a breakout above the neckline. How very “holy grail,” indeed. 🏰

$ETH JUST DREW THE HOLY GRAIL.

3 years of chop erased in one breakout. Measured move points vertical.

Ethereum’s next stop: five digits. Don’t fade the script.

– Merlijn The Trader Token2049 (@MerlijnTrader) October 1, 2025

If this “measured move” is to be believed, Ethereum’s next pit stop is $10,000. One might say it’s time to polish the silver spoons for the five-figure feast. 🍽️

Cycle Repeats Show Parabolic Potential

EtherNasyonaL, a name that sounds like a crypto bard, insists Ethereum’s current dance mirrors past cycles. In 2016-2017 and 2019-2021, ETH “cleared major resistance, retested it as support, and then accelerated into steep rallies.” How quaintly cyclical! 🔄

“Ethereum has experienced nearly identical scenarios across three distinct market cycles.”

If history repeats itself, we’re in for a “large upward phase.” I’d say “bring on the champagne,” but I suspect the market would prefer a stronger vintage. 🥂

Source: EtherNasyonaL/X

ETH/BTC Pair Shows Room to Run

Michaël van de Poppe, a man who clearly enjoys a good chart, notes the ETH/BTC ratio has risen 144% from May to August. It now trades near 0.0366 BTC, with “ideal buy zone” at 0.03250 BTC. How very optimistic of the market to play second fiddle to Bitcoin. 🎵

“Given that the BTC pair is currently nicely holding up here, and has provided a standard correction, I think that we’ll see this one pick up momentum in the coming weeks.”

One might say Bitcoin is the lead violin in this symphony, and Ethereum is the eager cello. But who’s counting? 🎻

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2025-10-02 12:57