ooking at the chart on the four-hour time frame, we see that when we set the Fibonacci retracement level, Ethereum tests 50.0% to $ 1665, and the moving averages MA200 and EMA200, which determine the longer-term trend. To continue the bullish trend, we need a break above the other moving averages MA20, EMA20, and MA50. We already had a jump above the Fibonacci level of 78.6%, which gives us a sign that Ethereum has pretensions to continue towards higher levels on the chart. If we look at the previous lows, we see that they formed the pattern Head and Sholders, an additional sign for us to continue the bullish trend.