🌊The price of Ethereum, that giant of cryptos, has gotten stuck in a funnel. According to analyst Ash Crypto (an expert on the subject), after a tremendous surge it had, it is now "consolidating", meaning it's taking a breather. 🌬️
Currently, its price hovers around 4,190 dollars, but the real drama lies at 4,150 dollars. Why? Because that is the "floor" it must hold. If buyers (that is, the people investing) manage to maintain that level, we could see ETH shoot up again. 🚀
The big leap: If Ethereum holds strong, it could break that descending channel and aim again for 4,788 dollars, which is a key resistance level, and even go for a new historical record. It would be like a second wind for the bullish market.
The drop: But be careful, if it doesn't hold and falls below 4,150 dollars, things could get ugly. The next "emergency floor" is at 3,900 dollars. If it gets there and doesn't recover, it could be the beginning of a longer correction, and people's sentiment could change overnight.
The impact for people: This is not just a little game of numbers. The stability of Ethereum impacts thousands of projects and the digital economy. An increase could mean profits for those holding cryptocurrencies and more confidence in the ecosystem. A drop, on the other hand, could generate uncertainty and losses. The next move of ETH affects not only traders but everyone involved in the world of decentralized technology. We must stay very alert! 🧐
The future of Ethereum is being decided these days, and the "floor" of 4,150 dollars is the battlefield.$ETH