Ethereum: Key Levels to WatchEthereum's daily chart exhibits a robust upward trend with consistent rising peaks and troughs. Introduction of Fibonacci retracement levels from the 4-hour chart aids short-term traders in identifying potential pausing or reversal areas. Approaching the 0.236 Fib level from the 4-hour chart, just above $2742, could act as a barrier to further price increases. Ethereum's price near the upper Bollinger Bands suggests potential overvaluation, supported by RSI just below the overbought line. Despite this, the bullish trend persists according to the MACD. Key levels for traders include the daily SMA at 2658.91 and the lower Bollinger Band at 2106.31, presenting buying opportunities during price drops. Monitoring trading volume is crucial for assessing the strength of price changes, especially during weekends when volume tends to decrease.2/17/20241 min read