Ethereum Price: Will It Break Through or Face a Sudden Drop? 🤔💸

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Ah, Ethereum. The digital asset that just can’t seem to make up its mind. It’s still wandering below that tempting $4,220 mark, consolidating like a student unsure whether to finish the assignment or procrastinate until the deadline. If it dips below $3,880, well, don’t say we didn’t warn you.

  • Ethereum, in its infinite wisdom, decided to start a recovery wave above $4,000 and $4,020. Classic overachiever.
  • Unfortunately, it’s now stuck below $4,050 and the 100-hourly Simple Moving Average. Looks like someone skipped their morning coffee.
  • A short-term triangle is forming, with support at $3,950. I mean, it’s trying its best, but let’s not get too excited just yet.
  • If it can scrape its way above $4,075, maybe-just maybe-it’ll have a shot at redemption.

Ethereum Stumbles, but Who’s Surprised? 😅

Ethereum struggled (again) to settle above $4,200 and, in true crypto fashion, corrected most of its gains. It’s like watching a movie where the hero keeps tripping over their own feet.

The price dipped below $4,050 and even tested the $3,940 zone. At its lowest, it hit $3,932. Oh, the drama! Now it’s consolidating, but not in the fun, relaxing way you’d hope for on a weekend. It’s just… there.

It did manage a tiny recovery, creeping past the 23.6% Fib retracement level from the recent decline (don’t worry if you don’t know what that means-no one else does either). So, it’s showing some signs of life, but don’t hold your breath.

And let’s not forget the lovely contracting triangle that’s forming-just a little crypto drama waiting to unfold. It has support at $3,950. Again, don’t get too attached, though.

On the upside, the price could run into resistance at $4,075, which is almost like a bump in the road. The real test comes near the $4,150 level, where things get a bit more interesting. Beyond that? Who knows! The first major resistance is near $4,200.

If Ethereum ever manages to clear that $4,200 resistance, it might just sprint to $4,250. No promises, though. If it goes above that, the potential for a breakout is real-towards $4,350 or even $4,420. Will it happen? Who’s to say!

Oh, Is Another Decline Coming? You Bet. 🙄

If Ethereum fails to break through that $4,150 resistance, it’s probably going to face a fresh decline. Initial support lies at $3,950, but things could get messy if it dips below that. Watch for the triangle’s trend line for any signs of life.

And if it falls below $3,880, brace yourself for a tumble toward $3,820, and then potentially down to $3,750. The next real support level? $3,640. It’s not pretty, folks.

Technical Indicators

Hourly MACD – The MACD is losing momentum, looking more like a slow fade in the bullish zone.

Hourly RSI – The RSI is below 50, which, let’s be honest, is not the kind of “below 50” we want to see in life.

Major Support Level – $3,950. Not exactly a rock-solid foundation, but hey, it’s something.

Major Resistance Level – $4,150. A bit more challenging, but not impossible to overcome (unless, you know, it doesn’t).

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2025-10-16 06:31