ETH’s Big Day: Will It Rise or Fall? 📈📉

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The market is almost green today, according to CoinStats. Because nothing says “I’m alive” like a 0.07% drop. 🍵

ETH/USD

Ethereum (ETH) is the exception to the rule as its rate has declined by 0.07%. Because nothing says “I’m special” like being the only one who fell. 🐑

Despite today’s slight fall, the rate of ETH is looking bullish on the hourly chart. Because nothing says “I’m confident” like a 0.07% drop and a “look at me, I’m trending!” vibe. 📈✨

On the longer time frame, the picture is neutral as the price of the main altcoin is far from support and resistance levels. Because why have a plan when you can just float aimlessly? 🤷‍♂️

If the situation does not change by the end of the day, sideways trading in the range of $4,500-$4,700 is the most likely scenario. Because nothing says “I’m reliable” like a price that’s just… there. 🐹

From the midterm point of view, one should focus on the nearest level of $4,788. Until the rate is below it, there is a chance of witnessing a correction. However, if it breaks out, the accumulated energy might be enough for a test of the $5,000 mark. Because nothing says “I’m dramatic” like a 0.07% drop and a “I might jump to $5k!” fantasy. 🎯💥

Ethereum is trading at $4,590 at press time. Because nothing says “I’m stable” like a number that’s just… there. 💸

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2025-08-28 18:49