ETH is currently retesting the $4,400 horizontal support after pulling back from recent highs. This level is critical as a breakdown could send price toward the $4,086 (0.5 Fib) and $3,918 (0.618 Fib) retracements, with $3,678 (0.786 Fib) as a deeper target. The Stoch RSI is in oversold territory, hinting at possible short-term relief if buyers defend $4,400. A bounce here could keep the broader uptrend intact, while a close below increases the likelihood of a larger retracement.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.