Ethereum Rises to $2,719, Breaks Above $2,672 Fibonacci Level
- —Ethereum gained 5.4% in 24 hours and 7.6% on the week, with market cap at $332.5 billion
- —The September 20 weekly close was $2,644, $28 short of the $2,672 trigger
- —$313 million in positions were liquidated in one hour, 96% shorts, as BTC rose from $84,000 to $85,257
- —Next gates: a daily close above $2,800 and the September 27 weekly close above $2,672
Why it matters: A weekly close above $2,672 would open the path to $2,950–3,000; a drop below $2,616 would return ETH to its August range.
Source: Yahoo Finance Crypto