EuroMotif

ETH heads up at Genesis Fib $2,933: key level to break downtrend

EuroMotif Mod Updated   
COINBASE:ETHUSD   Ethereum
Plotted here is a single fib series, shown in three different timeframes.
An asset's "Genesis" fib is like the "DNA" it was born with, and must follow.
Every level on this fib has been highly relevant and likely to cause reactions.

$ 2933 a "semi-major" (dark blue) ratio of the Genesis Fib series.
$ 2778 and 3123 are "minor" (light blue) ratios so not as strong.
$ 3431 is a "Major" (Golden) ratio, a .618 multiple so very strong.

This single fib series has called every major turn in ether's life.
It helped call the May 2021 Top and August Secondary Top (click) .
So now we are at a possible "lower high", which bulls must break.

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Comment:
Gorgeous Fibnastics

After initial rejection from 2933 EXACTLY, a nice rebound from the fib below
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Zoom IN (5 min) and observation The rejection from $2933 came after several tests and a final EXACT reflection.
Bounce from the 2778 fib came withOUT needing to touch the fib but came close.
That is a good sign for bulls, because the energy from that fib was not SPENT.

Lets see how risk assets do tomorrow, but right now ETH is looking pretty strong.

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