The ongoing recovery trend in the Ethereum coin witnessed a major road at the $4080 level, resulting in an immediate price reversal in the daily chart. Within three days, the ETH price plunged 10% to its current trade at $3666. However, this pullback falling under the safety net of the Fibonacci retracement level indicates the top altcoin is poised for further growth.
Also Read: Crypto Market Selloff: Top Reasons Why Bitcoin, ETH, XRP, ADA, SHIB Crash Today
Why Ethereum’s Long-term Growth Unhindered by Market Pullback
Since late January, the second-largest cryptocurrency Ethereum has been under aggressive recovery evidenced by a parabolic growth in the daily chart. This upsurge witnessed a rally from $2166 to two years high of $4087 recording 88.6% growth.
The crypto analytics platform Santiment has reported a substantial decrease in…
