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05 March 2021

Ethereum Retreats From $2K, Why ETH Remains Strong Above $1,850

Ethereum Retreats From $2K, Why ETH Remains Strong Above $1,850


smart summary beta

It traded to a new all-time high near $2,040 and settled well above the 100 simple moving average (4-hours).

There was a break above the 50% Fib retracement level of the recent correction from the $2,040 high to $1,813 low.

It coincides with the 61.8% Fib retracement level of the recent correction from the $2,040 high to $1,813 low.

The first major support on the downside is near the trend line support and $1,850.

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