Ethereum has had some wild swings that could even rival that of Bitcoin. It dropped from highs at $1347 to below $1k, and has finally stabilized between $1030 and $1105. These are two Fibonacci levels that have proved to be very good levels of support and resistance depending on where ETH is at the moment. Like Bitcoin, we anticipate some ranging before the next impulse of the 5-3 Elliott Wave begins. If it dips further, watch $954 and $862. Profit targets include $1211 and $1347.
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