Ethereum is currently testing a long-term ascending trendline on the weekly timeframe, paired with a golden Fibonacci retracement confluence between the 0.618 and 0.382 levels. The price bounced from the $1,300–$1,445 demand zone and shows potential for a mid-to-long-term reversal.
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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.