The price is getting sticky at an important Fibonacci level


  • 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.

Additional Levels

 



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