📉 ETH/USDT - Weekly Forecast
Ethereum faced rejection near the long-term descending trendline resistance, as the price is now retreating towards key Fibonacci support levels.
📌 Retracement Zone:
We are watching the 0.5-0.618 retracement zone (around $2,900-$2,700) for a potential bullish bounce.
🎯 Upside Targets After Retracement:
T1: $4,446.50
T2: $5,063.08
T3: $5,903.06
✅ Staying above $2,700 keeps the overall bullish structure intact and could lead to a breakout towards new highs by 2026.
