ETH Turns Bullish

Ethereum is in a minor corrective pullback phase.  On the hourly chart, it is slumping under a descending line after making a high of $4784 on December 1, 2021. The breakout is visible and we have some confirmation candles to support our thesis that it will turn positive again. The closest resistance stands at fib 0.5 as Ethereum floats over EMA 20 support.