According to CryptoPotato, technical analysis by analyst Shayan shows that after a rapid decline, Ethereum has found support in an important area. This area includes the 100-day moving average and the key price range between the 0.5 and 0.618 Fibonacci levels. Therefore, a bullish rebound is expected in the medium term. A deeper inspection of the daily chart reveals a long period of corrective pullback, and finally the price found support in a key area. This area includes the 100-day moving average at $3050 and the important price range between the 0.5 ($3190) and 0.618 ($2972) Fibonacci levels. The importance of this range is that it attracts a lot of demand, which may prevent further downward pressure from sellers in the market. In addition, a small bullish divergence between the price and the RSI indicator hints at the possibility of a bullish recovery with the goal of retaking the $3.5K threshold. However, despite the bullish signs, an unexpected breakout of this key support area may trigger a waterfall effect towards the 200-day moving average at $2.5K. #以太坊 #ETH🔥🔥🔥 $ETH
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