2026-01-02 06:27:13

Ethereum's daily chart is showing an interesting confluence forming right now. The lower trend line is converging with the 0.707 log Fibonacci level, creating a potential area of technical significance. This type of convergence often acts as a critical support or decision point for traders monitoring ETH price action. Worth keeping an eye on how the market responds to this technical setup in the coming sessions.

ETH0,89%

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ForkPrince

· 01-04 07:06

0.707 Fibonacci, starting to play the number game again. Let's see if ETH can hold this threshold.

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AlwaysAnon

· 01-03 13:31

Haha, 0.707 Fibonacci is back. Can it break this time?

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FudVaccinator

· 01-03 11:48

0.707 Fibonacci meets trendline, is it really about to move this time? By the way, every time such convergence happens, we have to wait for market reaction; there's no rush.

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TokenSherpa

· 01-02 06:57

actually, let me break this down for you — if you examine the data historically speaking, these fibonacci confluences have shown mixed predictive value at best. empirically evidence suggests the market doesn't always respect the 0.707 retracement, fundamentally because governance of price action involves far more complex voting dynamics than most technical analysts acknowledge.

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AirdropChaser

· 01-02 06:56

0.707 Fibonacci is back again. Every time, they talk about key positions, but we all see how it turns out.

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LiquidationWizard

· 01-02 06:55

It's Fibonacci again. Can it really break through this time?

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RugResistant

· 01-02 06:55

0.707 Fibonacci is acting up again. Can it not break the level this time...