ETH – 4 Hr Remains Bullish

Ethereum, is still bullish on the 4-hour timeframe. Fib 1.414 at $4808 is the current resistance level that prevents $ETH from rising to $5000. For now, it seems like Ethereum is headed towards $4,600 the former breakout zone. A reversal from the current price can lead Ethereum don wo the 0.786 fib level however the trend will still remain bullish as EMA 50, 100, and 200 are far below current levels. As the Cryptocurrency market remains bullish and Bitcoin has still room to rise, we will see Ethereum extending towards fresh highs with minor pullbacks along the way.