FOCIL Proposal and Hegota Upgrade Draw Focus as Ethereum Stabilizes
Ethereum moved back above the $3,000 level after holding support near $2,850, extending a recovery that followed Bitcoin’s rebound. The price remained firm in consolidation, with trading continuing above the 100-hour simple moving average. Attention stayed split between short-term price levels and a protocol proposal resurfacing on Ethereum’s long-term roadmap.
The move higher followed a push through and $2,920. From there, Ether cleared the 61.8% Fibonacci retracement drawn from the $3,065 high to the $2,784 low. Buyers later drove the price past $3,000, where it topped out near $3,030.
Since then, the market has paused rather than reversed. Price action has stayed above the 23.6% retracement of the move from $2,784 to $3,030. remained steady as volatility narrowed during the consolidation phase.
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