ETHUSD consolidation around 2100$

Following the chart on the four-hour time frame, we see that Ethereum finds good support above $ 2000 but encounters resistance at 127.0% Fibonacci level and is now consolidating at that level. The bullish scenario is still in effect but with little hesitation before the next major step. Moving averages support Ethereum above $ 2,000, so our next target may soon be priced at $ 2,200. If this consolidation continues, there will be increasing pressure on Ethereum, and we can expect a potential withdrawal to better support it. If we look at the MACD indicator, we see that we are still in the green zone, but the MACD indicators' line moves sideways and can easily slide into the red bearish zone.