$ETH

Ethereum ETH Technical Price Forecast and Key Buying Levels

Ethereum prices declined after the Fed signaled a slowdown in interest rate cuts, increasing corrective pressures.

Despite the decline, the positive momentum remains, making the decline an opportunity to buy, whether for speculation or investment.

The maximum possible decline could stop at the 38.2% Fibonacci level at $3,300.

On the other hand, the support level formed by the lower limit of the ascending price channel and the 23.6% Fibonacci correction level at $3,580 is likely to hold, and the price will return to rise towards $4,000.

If it is able to break through it and the daily candle closes above it, we will witness a new wave of rise towards higher levels.