ETHUSD resistance trend line

Following the graph, we see that after the break above the upper resistance line on the four-hour time frame. We encountered the following resistance at $ 1890 at 78.6% Fibonacci level. The price has dropped to the current $ 1800. We are now testing a 61.8% Fibonacci level. as additional support, we have moving averages MA20 and EMA20, and below them await us MA200 and EMA200 along with 38.2% Fibonacci level at $ 1680. If the MA20i EMA20 support lasts, we go up again to $ 1852, looking after the $ 1945 previous high. The moving average convergence indicator (MACD) on the four-hour chart seems to be turning bearish. This indicator identifies positions for buying dips and selling uppers. For now, the MACD line (blue) has crossed below the signal line, amplifying the bearish outlook.