Ethereum (ETHUSD) has shown a strong bullish reversal from the key demand zone around $1,600–$1,700, validating it as a solid base. The current weekly close above the 38.2% Fibonacci retracement level ($2,418) adds strength to the bullish momentum.
📊 Fibonacci Levels to Watch:
Support Zone: $1,600–$1,700 (Confirmed)
Resistance/Targets:
50% – $2,738
61.8% – $3,058
78.6% – $3,514
100% – $4,994
127.2% – $4,832 (intermediate resistance)
Final Target: 161.8% – $5,770
🔵 Based on this Fibonacci projection and price structure, I expect ETH to follow a stair-step rally pattern toward the $5,770 mark in the upcoming months — with potential pullbacks at $3,000 and $4,800 zones.
📌 Bias: Strongly Bullish
📅 Time Frame: Weekly
Let me know what your ETH targets are in this cycle! 💬
