The Ethereum (ETH) price lost 0.236 Fibonacci retracement support with today’s price drop, indicating a minor correction. This breakdown increases the chances for the price to retest the $0.382 FIB level at $1600. However, a drop below the 0.382 FIB level will trigger a significant correction, and losing 0.5 FIB will reflect weakness in bullish The post Amid Widespread Sell-off, ETH Bears May Breach $1600 support appeared first on CoinGape.