Ethereum Breaks $4,500 Barrier as Support Holds in Key Fibonacci Zone

Ethereum’s price is currently testing a crucial support level between $1,820 and $2,620 on the weekly chart. This zone, defined by Fibonacci retracement levels, has been holding strong despite broader market jitters. Expert analysis suggests this could be an early signal of a bullish rebound, potentially leading to a new cycle in Ethereum’s price. 3 Elliott Wave signals point to potential for a bounce. While there is room for further pullback before a confirmed reversal, the overall trend remains bullish.