Ethereum Could Gain 10% Before ETH Resumes Its Reversal

Ethereum Could Gain 10% Before ETH Resumes Its Reversal


With the latest price drop in the first half of this month, Ethereum has reached a new low. Ethereum, as of late, has been estimated to be worth around $1,420. Ethereum’s future, though, appears to be gloomier at the moment.

The current price of one ether is below the 61.80 Fibonacci level, which is somewhere around $1,340 at the time of this writing. Any progress made since early September has been lost in the recent market downturn.

The coin still has some chance of being salvaged, though. There has been a lot of volatility in the financial markets since the market crash on September 13 in response to the CPI report and interest rate hike.

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In response to the recent negative developments in the U.S.

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