My beautiful people from the crypto world! What's up with Ethereum! It seems that things are not looking good for our dear ETH, and the analysts are wide-eyed! 😬
Imagine that the price of Ethereum is acting up, and it has entered a new drop, falling below $2620. It's a serious matter! It's consolidating and, pay attention, it could continue to drop even further, maybe even below $2500! 😱 It's like it has dove in and is seeing if it bounces back or sinks to the bottom.
The situation is this: the cryptocurrency is trading below $2540 and attention! also below the simple moving average of 100 hours. That's a warning sign! 🚨 There is an ascending channel forming, and support is at $2480.
Experts say that if Ethereum doesn't get its act together and breaks the resistance of $2540, things could get uglier. The first support is at $2480, but if that barrier doesn't hold, watch out! We could see the price hovering around $2450. And if it really gets murky, the drop could reach $2320 or even $2240, or even $2150! 🤯 It's like a domino effect, if one piece falls...
But not everything is drama, there is a light at the end of the tunnel! If Ethereum manages to surpass the resistance of $2540 and then $2565, it could gain brutal momentum and rise up to $2625. And if things get tougher, it could reach $2680 or even $2800 or $2880 in the short term! So stay alert, because this is a roller coaster. 🎢
So you all know, we need to stay very attentive to the movements of Ethereum. This is the market, my people, a roller coaster of emotions and green bills! 💸
