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$4K Ethereum by July? ETH price posts fastest recovery to date from 50% drawdown -Breaking

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© Reuters

Ether priceETH() pulled back on February 9 to test $3,000 support levels after Ethereum’s native currency reached its three-week peak.

ETH prices have recovered roughly half of their January 24th lows, when they were near $2150.

Chart of the daily USD/ETH price. TradingView
Daily chart of ETH/USD prices with Fibonacci-based support/resistance levels. TradingView
ETH Drawdown From ATH Source: Arcane Research