Ethereum Gives Up $3K!! 😲📉

Ethereum has dipped to strong support at $2965. Our technical level coincides nicely with the 0.618 Fibonacci level, confirming its importance and the support it provides. However, the fact that ETH dipped below the 3K handle and did not see an immediate buyback suggests that it is now comfortable with the 2K handle. Additionally, we have a 'rounding off' in the price action and could test lower levels. There is a vacuum zone down to $2651 which coincides perfectly with the 0.236 level and we have a few more Fibonacci levels in between. We have a 50% level at $2889, which would be our next target for support if ETH continues to sell off.