🔷️ #Ethereum moved just as we discussed earlier. it dropped to the Fibonacci support level marked by the green line and received a solid bounce from that zone. This area has once again proven to be a key level where buyers step in.
📉 As long as there is no weekly close below the green line, upward momentum may continue, and Fibonacci-based resistance levels marked by the yellow lines could be the next targets.
📊 Technical Indicators:
✅ MACD: No clear crossover yet, but the histogram is moving toward the positive zone indicating potential recovery in momentum.
✅ RSI: Holding above the 50 level, maintaining a neutral-to-bullish structure.
✅ Stochastic RSI: Has crossed up from the oversold zone, which supports short-term upward movement.
⚠️ Volume: While volume increased during the drop, it hasn’t shown a strong rise yet during the bounce, which should be monitored closely.
‼️ This is not investment advice.
