Let's see, let's see, what's happening with Ethereum? 🤯
Oh, my child! If you thought Ethereum was in rocket mode, things got complicated. 🚀 It turns out that after a small breather, the price of ETH is hitting a wall and the experts are on edge. The price tried to rise from $4,050, climbed to $4,220, but faced a tough resistance at $4,400.
What's happening? Well, a downward trend line is forming that is holding everything back. The price is below the 100-hour moving average and it seems that those betting on the downside (the bears 🐻) are stronger than ever. If it can't break through the barrier of $4,380, it could fall further. Imagine, from $4,200 to $4,120 and it could even touch $4,050 again. It's as if it's about to fall into an abyss. How nerve-wracking! 📉
The RSI is above 50, which means there's a little bit of hope, but the MACD continues to lose momentum, so we need to keep our eyes wide open. 🕵️♂️ This situation demonstrates that in the crypto world, nothing is certain. What rises like foam today can vanish in a second tomorrow.
So, let's charge ahead! The moment to bet is near! 🎰$ETH
