# Ethereum Bounce Tests Key Fib Zone

> Ethereum price bounces near 0.5-0.618 Fibonacci retracement level on 4H chart.
- Title: Ethereum Bounce Tests Key Fib Zone · TradingView | Shortify
- Summary: Ethereum price bounces near 0.5-0.618 Fibonacci retracement level on 4H chart. Ethereum price bounced from $2,329 to $2,446, testing 0.5 Fibonacci…
- Keywords: ethusdt, fibonacci, tradingview, ethereum, price bounce, retracement, business, finance, Bounce, Tests, Key, Fib
- Source: TradingView — https://tradingview.com/chart/ETHUSDT.P/buhrIife-ETHUSDT-4H-Bounce-Tests-the-0-5-0-618-Fib-Zone
- Published: 2026-10-20T02:32:03+00:00
- Read time: 1 min
- Topics: ethusdt, fibonacci, tradingview, ethereum, price bounce, retracement, business, finance
## Price Action
Ethereum price dropped 6.6% from $2,494 to $2,329 between Oct 16 and Oct 18.
## Current Bounce
Price rebounded to $2,446 on Oct 19, a 71% retracement of the down leg.
## Fibonacci Levels
0.5 line at $2,412 and 0.618 at $2,431 form key resistance zones.
## Price Action Outlook
Price holds near 0.5 line could extend toward $2,459 or retest $2,329 low.
## Key takeaway

Ethereum price bounced from $2,329 to $2,446, testing 0.5 Fibonacci retracement level before potential move toward $2,459.