Everyone’s bullish now… but smart traders are waiting for this E

Ethereum just tapped a key resistance near $3,672 and is starting to show signs of cooling off.
A healthy retracement could bring ETH back to:
0.382 Fib – $2,970
0.5 Fib – $2,781
0.618 Fib – $2,605 (Strong demand zone)
IMO, we can expect ETH to revisit the $2,700–$3,000 zone before the next leg up.
This area will be the golden re-entry for long-term targets of $6,000–$8,000.
Stop-loss: Recent high and candle close above $3,675
Structure remains bullish:
✅ Previous dips into Fibs triggered strong buybacks
✅ Clean higher highs and higher lows
✅ Demand zone + retracement = opportunity
My View: Let price pull back. Then load up again. Bigger wave incoming.
DYOR | NFA
A healthy retracement could bring ETH back to:
0.382 Fib – $2,970
0.5 Fib – $2,781
0.618 Fib – $2,605 (Strong demand zone)
IMO, we can expect ETH to revisit the $2,700–$3,000 zone before the next leg up.
This area will be the golden re-entry for long-term targets of $6,000–$8,000.
Stop-loss: Recent high and candle close above $3,675
Structure remains bullish:
✅ Previous dips into Fibs triggered strong buybacks
✅ Clean higher highs and higher lows
✅ Demand zone + retracement = opportunity
My View: Let price pull back. Then load up again. Bigger wave incoming.
DYOR | NFA
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Twitter: twitter.com/CryptoPatel
Telegram: t.me/OfficialCryptoPatel
Instagram: instagram.com/cryptopatel?utm_medium=copy_link
Telegram: t.me/OfficialCryptoPatel
Instagram: instagram.com/cryptopatel?utm_medium=copy_link
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.