🚨 $ETH IS REJECTING FROM FIBONACCI 0.5 LEVEL! 📉

(Currently at ~$2,476)

Ethereum has just faced a rejection from the key 0.5 Fibonacci retracement level at $2,768.77 — a major resistance zone that traders have been watching closely. This zone has historically acted as a pivot point, and once again, ETH is reacting with precision.

📊 As seen on the weekly chart, price action is consolidating after a strong bounce from the $1,413 support (Fib 1.0), forming a potential bullish continuation pattern.

🔮 What’s Next?

This rejection could be temporary. Market structure is still bullish, and once ETH breaks cleanly above the 0.5 Fib level with strong volume, we could be looking at a major breakout.

⚡ New All-Time High (ATH) in sight?

The chart suggests that a breakout could lead us toward the $4,124 level and beyond, which aligns with previous resistance and psychological levels.

📅 Keep a close eye on ETH over the coming weeks. The consolidation near a critical level signals a potential explosive move. Don’t blink.

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