$ETH is now approaching its 0.618 Fib and the yellow support line, which was the top of the bull channel it broke out of on the 10th of Jan.
This is an important confluence level now and it is fitting that the 0.618 Fib aligns with this breakout level.
A hold here and we have our new support and a move to the 1.618 Fib can be next at $2930
Johnnyboy
2024-01-18 21:18:18 +0000 UTC