ETHUSD long view

Looking at the chart on the four-hour time frame, we see that Ethereum encounters resistance at the previous high of $ 1945 and that we can now expect a pullback to better support on the chart at a Fibonacci level of 78.6%. If we find support there, then we can set our target at $ 2000 for Ethereum. The break below that Fibonacci level leads us to moving averages MA20 and EMA20. We are looking for potential support at $ 1800, then at $ 1700 instead of the previous higher support and break above MA200 and EMA200.