Ethereum is trading around $2,900, with a 24-hour volume above $22 billion, based on data from CoinGecko. The asset has dropped about 6% over the past week but is slightly up over the last day.
Market attention is now on whether it can hold its recent support and continue higher.
Ethereum Holds $2,622 Support After Bounce
ETH recently bounced from the $2,600 level, which marks the 0.5 Fibonacci retracement from its previous major move, as per analyst Crypto Patel. That line now acts as a strong support and also overlaps with a filled fair value gap, giving it added technical weight. The price has since moved above $2,900, staying well above the support zone.
Source: Crypto Patel/X
Crypto Patel noted that if this structure holds, there is room for Ethereum to target new highs. However, if the asset breaks below $2,620, he suggests the market could drop toward the $2,256–$1,821 range before any larger rally begins. He wrote,
“Big dips = Big accumulation discounts. Stay strategic, no
We współpracy z: https://cryptopotato.com/ethereum-eth-setup-hints-at-10k-move-if-this-key-support-holds/
