Once again the ETH chart is testing MA 100 for 4h frame which acts as a strong support since early October. As long as it remains above this level, the trend remains upward.
As far as I can see since early October ETH has always bounced off from MA 99 on 4h time frame, so unless it falls below MA99 the uptrend will be maintained.
On the 15 minute chart we can see a cup and handle pattern. We can expect further increases in the near future, the next target is the psychological resistance at 5000. There is also a possibility for some smaller resistances at 4800 levels.
