Ethereum Tests Early Recovery Levels as Price Moves Off Major Lows
Ethereum moved off a major support area near $2,640 after weeks inside a steep falling channel. The token climbed toward the 0.236 Fibonacci retracement level at $3,021 as traders observed early signs of a possible trend shift. Price action showed several failed attempts to break lower, and buyers reacted once the chart reached the broad support band. The rebound now raises one question for traders seeking direction: can Ethereum maintain momentum above key Fibonacci levels?
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