Zooming in, ETH’s price has cut through multiple r
Zooming in, ETH’s price has cut through multiple resistance levels with strong bullish conviction, reflecting increased buying momentum.
However, the current position suggests the market may be ready for a corrective phase to absorb fresh demand before resuming its climb.
The 0.5–0.618 Fibonacci retracement zone, aligned with Ethereum’s established multi-month uptrend, represents a probable support area if a pullback unfolds. Holding this region would strengthen the case for another leg higher, potentially driving the price into uncharted territory toward a new all-time high.
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