Ethereum’s Descent: Will Bulls Rise or Fall? 🐂📉

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Ethereum‘s price, like a weary traveler, failed to climb beyond the gilded cage of $3,650. ETH, now a wistful sigh, may retreat further if it dares to breach the fragile sanctuary of $3,360.

  • Ethereum, once a bold voyager, now finds itself adrift, its course set by the whims of the market’s tides.
  • The price, a faltering candle, flickers below $3,550, its light swallowed by the 100-hourly shadow.
  • A bullish trend line, once a bastion of hope, crumbles beneath the weight of $3,575, as if the stars themselves conspired against it.
  • The pair, a lost soul, may wander further if it settles below the $3,360 threshold, a desolate plain of uncertainty.

Ethereum’s Descent Repeats: A Dance of Shadows and Light

Ethereum’s price, like a fleeting dream, ascended past $3,400 and $3,550, mirroring Bitcoin‘s ghostly waltz. ETH, a phoenix, climbed above $3,600 and $3,620, only to be met by the cold breath of bears.

At $3,650, the bears, those relentless specters, found their haven. A peak at $3,658, and the price, like a leaf in a storm, descended. The $3,550 level, once a fortress, now lies in ruins. A bullish trend line, shattered, leaves only echoes of $3,575.

The price, a pilgrim, tested the 50% Fib retracement of the upward march from $3,178 to $3,658. Now, it lingers below $3,550, a prisoner of the 100-hourly Simple Moving Average.

If another recovery wave dares to rise, the price may face the gauntlet of $3,500. The next trial: $3,520. The first major hurdle: $3,550. A breach here might summon Ether toward $3,650, a siren’s call to $3,800 or even $3,880, as if the market itself were a poet yearning for a crescendo.

Another Decline In ETH? A Lament in Three Acts

If Ethereum falters at $3,550, a fresh descent may begin. The initial refuge: $3,420, a whisper of hope. The first major sanctuary: $3,360, a 61.8% Fib relic of the ascent from $3,178 to $3,658.

A clear fall below $3,360 may send the price spiraling toward $3,290, a valley of shadows. Further losses, a journey to $3,220, as if the market were a melancholic bard. The next key refuge: $3,175 and $3,150, distant stars in a storm-tossed sky.

Technical Indicators

Hourly MACD – The MACD for ETH/USD, a pendulum of despair, swings ever deeper into the abyss of bearishness.

Hourly RSI – The RSI for ETH/USD, a weary traveler, now lingers below the 50 zone, a ghost of former vigor.

Major Support Level – $3,360

Major Resistance Level – $3,550

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2025-11-12 06:25