Ethereum Price Could Crash Below $3,400 After Rejection From 0.618 Fibonacci ...
The recent Ethereum price rejection that pushed it back below the $4,000 level has created a concerning trend that could send the price spiraling. The major point of interest lies at the 0.618 Fibonacci retracement level, where the last rejection occurred. Given this, it is likely that the Ethereum price could see more declines in the coming days, although there is still the possibility of the bulls taking over and invalidating the entire bearish setup. Ethereum Price Is Showing A Lot Of Weakness The rejection from the 0.618 Fibonacci retracement level marked the start of the decline from....
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Ethereum Price Key Highlights. Ethereum's price is still in the middle of its corrective wave, pulling up from its latest dive from 0.0024 to 0.0018 BTC. Applying the Fibonacci retracement tool on the latest swing high and low shows confluence in some of the levels, which might be strong enough to hold as resistance. Ethereum's price could resume its selloff once the Fibonacci levels are able to hold as resistance and keep further gains in check. Line in the Sand. At the moment, Ethereum's price appears to be moving past the 38.2% Fibonacci retracement level at 0.00205 BTC, making its way....