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The oversold rebound on ETH’s weekly chart has already taken shape. How high could it potentially rebound?
At this point, you need to use Fibonacci retracement points to lock in levels. As usual, focus on the 0.618 spot. We need to take the larger swing from the start of the down move at 2463 to the bottom at 1510 to calculate:
1510+（2463-1510）*0.618 = 2098.
So the highest level of this rebound is temporarily locked around 2100. The nearest resistance above 2100 is 2112, and the nearest resistance below is 2088.