$ETH

$ETH

USE FIBONACCI TO MEASURE PROFIT TAKING PRICE $ETH (11/25/2024).
The tool used to set PROFIT TAKING TARGETS.
Use Fibonacci to calculate the target for $ETH in the next cycle 2024-2025.
- Assuming the ETH bottom was formed at the $880 area in June 2022, we can apply Fibonacci to calculate the target for the next growth phase.
1. Level 0.236% corresponds to an ETH price of $2,100. Below this price is called the accumulation zone => ETH accumulation zone from $880 - $2,100
2. Level 0.382% is a light resistance level we will temporarily ignore.
3. Level 0.5% coincides with the peak formed in March 2022 (Around $3,580)
4. Level 0.786% is close to the old peak of $4,017-$4,670
5. Level 1.618% corresponds to a price of $7,311, which is the expected level for this cycle.
6. Level 2.618% corresponds to a price of $11,337; this level can also be reached when the money flow is strong FOMO.
=> The expected level that can be achieved is $7,300-$8,708, which will be a moderate level that can be easily reached.
7. Level 0.618% is the extreme FOMO level of the cycle that could bring ETH to the price range of $15,341. This level can occur, but the probability is very rare!
If it does happen, then Bitcoinboy and fellow ETH investors will really like it!
If you find my analysis and sharing above brings some value to you or is useful for reference, or if you have any other opinions, please share!
Last updated: Mon, Nov 25, 2024
@Bitcoinboy-8686
(Personal analysis and sharing information, not financial advice)