ETHUSD long view

On the four-hour time frame, we see that Ethereum is below all moving averages with support at 38.2% Fibonacci level at $ 1577. Where after that, we see a smaller pullback approaching the smallest moving averages of MA20 and EMA20. Based on the last couple of candlesticks, we can be a little optimistic about continuing the bullish trend. As such, our first target is 50.0% Fibonacci level at $ 1665, and then at 61.8% level at $ 1753. The smaller trend line is on our top, and we can use it as potential resistance and then pay attention to see if we see a break above. If we see a weakening of Ethereum, we look again at the 38.2% level, and the break below us descends to the previous support zone at the 23.6% level at 1468%.