Ethereum Price Analysis: Whale Activity Spikes as ETH Finds Support At Key Fibonacci Level

WikiBit 2024-04-22 06:27

For over a week, the second largest cryptocurrency Ethereum has been trading sideways trying to sust

For over a week, the second largest cryptocurrency Ethereum has been trading sideways trying to sustain above the combined support of $2875 and 38.2% Fibonacci retracement level. Despite stable support and the completion of the fourth Bitcoin halving, the ETH price witnessed a modest upswing to $3144 this weekend registering a 9.5% jump. Will this reversal gain sufficient momentum to surpass the $4000 high？

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