Ethereum's Fibonacci Frenzy: Will it Close Above $2,672?

Ethereum's price has been hovering around the critical Fibonacci level of $2,672 for two days, leaving traders wondering if it will close above this threshold.

The weekly candle is set to close on September 20, and a breach of $2,672 would potentially turn this barrier into support.

A Fibonacci retracement of Ethereum's decline from its October 2025 peak to its January 2026 trough placed the line at $2,672, making it a significant level for traders.

With a recent high of $2,646.55 and a current price of $2,629.80, Ethereum is within striking distance of this level but has not yet breached it.