Technical analysis by MyNewTrading about Symbol ETH on 7/16/2025

TURKISH: In the weekly graph, the Retest area is expected to increase in the case of closing weekly candles. When Fibonacci attracts from top to bottom (ie the decline): Golden Pocket level: 0.618 - 0.65. If the price rises, these levels work as resistance. In other words, the price can go back to this level and there is a high probability of rejection there. ENGLISH: IF The Weekly Candles Close Above the retracement zone on the weekly chart, a rise is expired. WHEN there is a fibonacci retracement from Above (i.e., Bearish): Golden Pocket Level: 0.618 - 0.65. IF The Price Rises, these levels act as Resistance. In other Words, The Price Cult Rise to this Level on a retraction, and Rejection is likely.