Ethereum set to dip to $2.9K- A blessing in disguise for ETH investors?

Quick Summary:

ETH is set for a brief pullback before continuing its upward trajectory.

If ETH breaks below this level, the next target is a minor drop to $2,900.87, representing a 50% retracement from its overall rally.

At the time of writing, ETH was trending downward, briefly touching a Fibonacci retracement line that currently acts as support.

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Article Details

Author / Journalist: Olayiwola Dolapo

Category: Crypto

Markets: United States

Topics: News News 1 Altcoin Ethereum Trading View Social Ambcrypto

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-16 @ 04:00:20 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: ambcrypto.com

Language: English

Article Length: 555 words

Reading Time: 4 minutes read

Sentences: 29 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © AMBCrypto

News ID: 23608518

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About AMBCrypto

Main Topics: Crypto

Official Website: ambcrypto.com

Update Frequency: 17 posts per day

Year Established: 2018

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

Ownership: Independent Company

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Publisher ID: #103

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