Ethereum’s Latest Plunge: Is This Crypto’s Midlife Crisis? 🤔

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Oh, great. Ethereum decided to take a nosedive below $3,000. Because, you know, why not? ETH is now just sitting there, contemplating its life choices, maybe dreaming of a comeback above $2,980. Classic.

  • Ethereum, in a shocking twist (not), started dropping from $3,175. Who saw that coming? 🙄
  • It’s now trading below $3,000 and the 100-hourly Simple Moving Average-because why make things easy for investors?
  • There’s a bearish trend line forming at $3,120, like some kind of ominous warning sign. Thanks, Kraken.
  • If ETH falls below $2,920, well… let’s just say it might need therapy.

Ethereum Dips 5%-Because Why Not Ruin Everyone’s Day?

Ethereum couldn’t even hold above $3,150. Pathetic. It joined Bitcoin in the “Let’s Disappoint Everyone” club, sliding below $3,120 and $3,050 like it had somewhere better to be.

The bears got greedy and pushed it under $3,000. A low of $2,916 was hit, and now ETH is just… there. Below the 23.6% Fib retracement level, because apparently, it enjoys suffering.

It’s under $3,000 and the 100-hourly SMA, and there’s that depressing trend line at $3,120, mocking everyone who thought crypto winter was over.

If ETH tries to recover (big “if”), it’ll face resistance at $2,980. Then $3,050-the 50% Fib level-because nothing says “fun” like technical jargon. Break $3,080? Maybe it’ll reach $3,120. Break $3,120? Sure, then it might actually do something useful and climb toward $3,175 or even $3,200. But let’s not get ahead of ourselves.

Or… Will ETH Just Keep Falling Like a Bad Sitcom?

If ETH can’t clear $2,980 (spoiler: it probably won’t), it’ll start another decline. First stop: $2,950. Then $2,920-because why stop at one support level when you can obliterate them all?

Fall below $2,920? Congrats, now we’re looking at $2,880. Keep going? $2,840. And if it really wants to traumatize everyone, $2,800. At that point, just rename it “Ether-um, Why Bother?”

Technical Indicators (Because Charts Make It Look Legit)

Hourly MACD – ETH/USD’s MACD is bearish and loving it.

Hourly RSI – The RSI is below 50, aka “The Danger Zone.”

Major Support Level – $2,920 (aka “The Last Hope”)

Major Resistance Level – $3,080 (aka “The Pipe Dream”)

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2025-12-16 06:27