Ethereum Price Finds Demand at 38.2% FIB Amid Market Sell-off; Buy this Dip?

This week saw a notable increase in the cryptocurrency market’s volatility, spurred on by the anticipation of the upcoming Bitcoin Halving event. The early week recovery in the market reverted quickly on the weekend as the BTC price fell to a low of $65133 on Friday. Amid this downfall, the ETH price plunged to swing low support of $3100, seeking stable support to prevent a prolonged downfall.