Red line - Fibonacci extension target
Ethereum is trading above $2,000 and is challenging the $2,034 price level, where we find the 100% Fibonacci extension target. Recently we got a break out above key short-term resistance at $1,825-$1,855. Since then, price continues making higher highs and higher lows. Previous resistance is now support. A back test towards $1,850-30 is possible but so far we have not seen any reversal signal. Price has potential to move higher, the RSI has not reached overbought levels yet
