Ethereum’s Path to $3000: Factors to Consider

Understanding Ethereum's Price Movements

Ethereum's price has recently shown significant fluctuations, bouncing off lows near $2,140, a critical level based on the Fibonacci retracement. This technical analysis tool helps identify potential future price movements by pinpointing key support and resistance levels. At the moment, Ethereum is testing the 0% Fibonacci level, around $2,589.77, with over 400,000 daily active addresses, indicating robust network activity.