Ethereum (ETHUSD) has shown a strong bullish reversal from the key demand zone around $1,600–$1,700, validating it as a solid base. The current weekly close above the 38.2% Fibonacci retracement level ($2,418) adds strength to the bullish momentum.
📊 Fibonacci Levels to Watch:
Support Zone: $1,600–$1,700 (Confirmed)
Resistance/Targets:
50% – $2,738
61.8% – $3,058
78.6% – $3,514
100% – $4,994
127.2% – $4,832 (intermediate resistance)
Final Target: 161.8% – $5,770
🔵 Based on this Fibonacci projection and price structure, I expect ETH to follow a stair-step rally pattern toward the $5,770 mark in the upcoming months — with potential pullbacks at $3,000 and $4,800 zones.
📌 Bias: Strongly Bullish
📅 Time Frame: Weekly
Let me know what your ETH targets are in this cycle! 💬
📊 Fibonacci Levels to Watch:
Support Zone: $1,600–$1,700 (Confirmed)
Resistance/Targets:
50% – $2,738
61.8% – $3,058
78.6% – $3,514
100% – $4,994
127.2% – $4,832 (intermediate resistance)
Final Target: 161.8% – $5,770
🔵 Based on this Fibonacci projection and price structure, I expect ETH to follow a stair-step rally pattern toward the $5,770 mark in the upcoming months — with potential pullbacks at $3,000 and $4,800 zones.
📌 Bias: Strongly Bullish
📅 Time Frame: Weekly
Let me know what your ETH targets are in this cycle! 💬
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.