ETH – New Record Highs

The bull rally in Ethereum continues as it breaks above the previous all-time high of $4660. The trend has been exhibiting various fakeouts up and below the trend line but the EMA 200 support remains intact with ETH likely to press higher.  The next major resistance level is near the 1.618 Fib at $4875. Above that, $5,000 will be the level to watch.  Support is at the former support turned resistance point near $4,400 and the November 6, 2021 low of $4329.