- Ethereum is trading 1.53% higher on Friday as general crypto sentiment is positive.
- ETH/USD has moved higher and is stalling at the 61.8% Fibonacci level.
ETH/USD Daily Chart
Ethereum is trading higher on Friday.
Now the price has moved above 270.00 which is a key Fibonacci level.
The 61.8% is often considered the most important of the retracement levels.
If the level breaks and holds the next resistance is at 320.00.
It’s hard to track a chart that has such velocity, In this instance it’s hard to see where this rally will end.