Ether (ETH) pullback has hit the 38.2% Fib retracement level at $3,028, which could be an attractive support level for investors.
ETH/USDT Daily Chart | Source: TradingView
If the price reverses from this level, the bulls will attempt to break above the overhead resistance at the downtrend line. If successful, the ETH/USDT pair could rally to $3,800 and then $4,084.
Conversely, if the price breaks below $3,028, it will suggest that the bears are still in control of the selling pressure. The pair could drop to the 20-day EMA ($2,887), where it could attract buyers.
