Ethereum’s Latest Breakdown: Is Your ETH Next? 😂📉

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So, Ethereum’s hanging around the $3,000 mark, right? But don’t let the pretty number fool you. The chart’s got more issues than a sitcom lead with a drinking problem. Momentum? It’s wobbling. One big group of holders is selling, which, oh joy, makes the whole thing more unstable than my Uncle Morty at a family reunion.

Ethereum’s at a point where a tiny nudge can turn this thing into a full-blown roller coaster. Buckle up.

Momentum Weaker Than My Willpower on Cheesecake

The coin tried to come back last week-up about 10%. Nice, right? But hold your horses. Over the last month, it’s down 23%. Recovery? Looks cute on a chart. Underneath? The truth is messier. The Relative Strength Index (RSI), which is that thing that pretends to tell you what’s going on with momentum, is sending signals that are about as encouraging as a flat soda.

Between November 18 and 28, the RSI showed a hidden bearish divergence-meaning, the price made a higher low, but momentum made a higher high. It’s like your favorite sports team losing but claiming they played “a great game.” Sorry, folks, it’s still bad.

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Now, who’s doing all this selling? Well, the on-chain data’s got the dirt.

The Hodler Net Position Change is showing a bunch of long-term holders – you know, the ones supposed to keep things steady -are actually dumping ETH into the abyss. Deep red. Like, “Let’s sell everything” red. And last week, they offloaded a boatload-about 334,600 ETH on November 22, then nearly triple that-973,000 ETH-by November 28. It’s like a fireworks show of outflows. Quite a spectacle, huh?

And if that’s not enough, on November 26, about 1.1 million ETH left the building. When your “stabilizers” are selling, you know you’re in trouble.

Combine weakening momentum with Long-term holders turning into sell-happy maniacs, and you’ve got a recipe for a downward slide. Great.

Ethereum’s Sitting on the Edge of a Crackerjack Box

The ETH price isn’t just chilling-it’s teetering right on the edge of a pennant formation. Could go up, could go down. Who knows? Certainly not me.

Right now, it’s sitting just above the $3,016 support zone-think of it as the last line of defense, lined up with the 0.382 Fibonacci level. Break that, and we’re talking about a 5% dip to $2,864. And if sellers really get aggressive? We could be looking at $2,619. It’s not looking good, folks.

To turn this around, ETH needs to push past $3,138, no question. Break that, and maybe-just maybe-it’ll flip the script. Until then, it’s like watching a soap opera you wish you hadn’t started.

With pennants, it’s a 50-50 shot-could burst up or down. But with the RSI doing its little dance and holders selling like it’s Black Friday, odds are leaning towards a downside break unless someone steps in with a miracle.

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2025-11-29 14:51