Ethereum Eyes $3200? ๐ $ETH Consolidates Below Key Resistance
Ethereum ($ETH ) is drawing bullish attention as it consolidates just below the $2700 level. Analysts highlight a breakout from a long-term downtrend, signaling a possible market shift. ๐
Currently, $ETH is hovering near the 0.618 Fibonacci retracement โ a level often linked with strong accumulation zones. A breakout above $2700 could set the next target at $3236, aligning with the 0.786 Fibonacci level โ a potential +21% move. ๐ฏ
Meanwhile, Ethereum Spot ETF inflows continue to show strength, reinforcing the case for growing institutional interest. ๐
Key Level to Watch:
๐ A daily close above $2700 could confirm bullish momentum.
๐ Failure to break may keep ETH in sideways consolidation.
Not financial advice. Crypto markets remain volatile.