The price has been in a continuouos uptrend since September 29, 2021, from $2789, respecting the 1 hour chart rising trend line. However as the chart below shows the area between the trendlines contracting, it could trigger a reversal.
The main resistance area to focus on is near $4550 at fib 1.618. Ethereum is floating near EMA 20 and 50 and soaring above EMA 100 and 200. EMA 200 can also act as considerable support to support prices above the $4200 mark.
