Ethereum Bulls Eyed as Support Holds, Potential for $10,000 High on the Horizon

Ethereum’s price remains close to a key support level as traders watch for a potential breakout to new highs. Currently hovering around $2,900 after dropping about 6% last week, ETH is showing signs of resilience despite the bearish trend seen over the past day. Support from a significant Fibonacci retracement at $2,600 provides crucial momentum, with analysts highlighting its overlap with a filled fair value gap for added technical weight. The key question now lies in whether this support holds and allows Ethereum to break above the resistance around $3,000.