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This alignment with a critical Fibonacci level suggests a potential exhaustion of the downtrend, especially as the daily Relative Strength Index (RSI) exhibits a pronounced bullish divergence, historically indicative of an impending trend reversal.<\/span><\/p>\n Despite this promising support level, Ethereum remains firmly confined within the descending channel, struggling to establish a definitive breakout. The primary resistance level to watch stands at $2,503, aligning with the 0.5 Fibonacci retracement of the preceding decline.\u00a0<\/span><\/p>\n A breakout above this zone would serve as a strong validation for bullish momentum, potentially driving ETH towards $2,881 (0.382 Fibonacci) and eventually to $3,078, which marks a previous structural resistance level.<\/span><\/p>\n The RSI remains oversold but has begun showing early signs of recovery, suggesting that a relief rally could be in the making. However, bullish confirmation requires sustained price action above $2,503.\u00a0<\/span><\/p>\n Conversely, failure to hold above $2,125 would put Ethereum at risk of deeper losses, potentially revisiting the $1,586 support, which coincides with the 0.786 Fibonacci retracement. This zone would act as a last line of defense against a prolonged bearish phase, and its loss could trigger further downside pressure.<\/span><\/p>\n On the hourly timeframe, Ethereum\u2019s price action suggests the early development of a potential five-wave impulsive recovery. After falling towards the $2,125 level, price action is beginning to carve out an initial recovery wave (i), followed by a corrective wave (ii).\u00a0<\/span><\/p>\n<\/div>\n [ad_2]<\/p>\n","protected":false},"excerpt":{"rendered":" [ad_1] ETH\/USD daily chartThis alignment with a critical Fibonacci level suggests a potential exhaustion of the downtrend, especially as the daily Relative Strength Index (RSI) exhibits a pronounced bullish divergence, historically indicative of an impending trend reversal. Despite this promising support level, Ethereum remains firmly confined within the descending channel, struggling to establish a definitive breakout. The primary resistance level to watch stands at $2,503, aligning with the 0.5 Fibonacci retracement of the preceding decline.\u00a0 A breakout above this zone would serve as a strong validation for bullish momentum, potentially driving ETH towards $2,881 (0.382 Fibonacci) and eventually to $3,078, which marks a previous structural resistance level. The RSI remains oversold but has begun showing early signs of recovery, suggesting that a relief rally could be in the making. However, bullish confirmation requires sustained price action above $2,503.\u00a0 Conversely, failure to hold above $2,125 would put Ethereum at risk of deeper losses, potentially revisiting the $1,586 support, which coincides with the 0.786 Fibonacci retracement. This zone would act as a last line of defense against a prolonged bearish phase, and its loss could trigger further downside pressure. ETH Price Prediction On the hourly timeframe, Ethereum\u2019s price action suggests the early development of a potential five-wave impulsive recovery. After falling towards the $2,125 level, price action is beginning to carve out an initial recovery wave (i), followed by a corrective wave (ii).\u00a0 [ad_2]<\/p>\n","protected":false},"author":1,"featured_media":37056,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[45],"tags":[],"class_list":["post-37055","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financas"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/posts\/37055","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/comments?post=37055"}],"version-history":[{"count":0,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/posts\/37055\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/media\/37056"}],"wp:attachment":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/media?parent=37055"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/categories?post=37055"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/tags?post=37055"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}ETH Price Prediction<\/span><\/h2>\n