Coin-Turk 27 minutes ago
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Ethereum (ETH ($2,696.07)) 
$2,684 stands on the brink of breaking its long-standing downtrend. However, the price movements remain uncertain as critical support levels are being tested. Elliott Wave analysis and Fibonacci projections may assist in understanding Ethereum’s next move.
What Does the Technical Outlook Indicate for ETH?
The daily price chart reveals that Ethereum entered a correction phase after reaching $4,100 on March 11. Elliott Wave counting indicates that the price began to recover after a fall to $2,150 on February 3.
Ethereum Price AnalysisAccording to Fibonacci retracement levels, ETH tested the 0.382 Fibonacci level at $2,881 on February 4, which currently acts as resistance. The market structure indicates an effort to gain stability between $2,700 and $2,800.
Ethereum shows promise for recovery by bouncing off the critical support …
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