Ethereum is headed back towards an important level. There are some green candles on the 4-hour chart but the question is whether this rally can be sustained. After making a high of $4800 on December 1st Ethereum started to trend downwrads making lower lows. This trend continues and Ethereum today is testing this important price level. If it breaks above this trend successfully, we can expect the target of $4800 again. There is support at the lower trend line which might support the price drop otherwise.
