Short

ETH/EUR Fibo 0.5/0.618

as you can see in the last major correction of ETH/EUR the price came between the fibo 0.5 and the fibo 0.618, I marked the past fibo in the same way from top to bottom and marked the same values as a reference point for the future , in euro the values are 570, and 295 are absurd prices taking into account the price at which ETH arrived and the prices they are today, analyzing the LONG trend the current downward channel dashed goes in the direction of the channel bottom dashed in the long term, at any time it can reverse and the price will look for higher tops as desired but these values can come to be a reality and making a conservative analysis taking into account that ETH in addition to classic currency has immense utility in the entire ecosystem nowadays, not being so used on the previous fibo analysis date, I would say that at least at the MINIMUM the price will test the 0.318 fibo zone, in euros 948.16, the numbers point to much lower zones but due to adoption and utility an analysis more conservative may be closer to reality, I shared this data just to open the mind to the possibilities, there are those who only speculate on prices and don't use the ecosystem, and don't have a notion of the fundamentals of projects in general, to make a profit not analyzing the fundamentals but it's good to have the foundation as a variable in an analysis because whether people ignore it or not, behind each coin there is a project and its adoption and utility can also have weight in future projections, this is not a prediction, it's one more warning that something dramatic can happen without leaving the long trend and then looking for new historic tops, I remind you that corrections are inevitable and necessary for markets to grow healthily

umagoma

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