Ethereum‘s price, in a dramatic twist, has shattered the chains of its bearish prison as the supply of tokens on exchanges slinks away like a cowardly mouse. 🧟‍♂️💸

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Second, community hype around the Fusaka upgrade, a “revolution” slated for December 3, has turned Ethereum into a crypto Cinderella. 🧙‍♂️✨

Third, inflows into spot Ether ETFs, a flood of gold coins for the crypto goblins, have bolstered the bullish shift. 💰

Institutional players, like ancient dragons, are hoarding ETH, their greed palpable. 🐉

Ethereum price analysis

On the daily chart, Ethereum price has broken out of a falling wedge, a trap for the unwary, now broken open. 🧨

A breakout from such a pattern is like a phoenix rising from ashes-except the ashes are bearish sentiment. 🦅

The 200-day moving average, $3,096, is the next fortress to breach. A breakthrough could send prices soaring to $3,600, a zone where Fibonacci’s magic meets trader’s greed. 🌌

Failure to hold $3,000? A descent to $2,750, where the 38.2% level waits like a hungry wolf. 🐺

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2025-11-28 10:07