Relevance up to 18:00 2022-08-12 UTC+2 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
Blue lines- Fibonacci retracements Ethereum reached the $1,900 level as expected by our recent analysis since price respected the bullish channel it was in. Price continues making higher highs and higher lows. Price has reached the 38% Fibonacci retracement of the decline from $3,579. This is important short-term resistance. Big test ahead for Ethereum bulls.
