Ethereum Nears $2,934 Fibonacci Level as Institutions Watch for Breakout
Ethereum, the world’s second-largest cryptocurrency by market cap, is drawing attention from traders and investors as its price nears a key Fibonacci retracement level around $2,934. Market observers say this level matters because it may act as support or resistance, influencing whether Ethereum’s price trends upward or pulls back in the short term. The situation is particularly interesting to both retail and institutional participants who use technical analysis and fundamental demand to guide investment decisions.
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