FX.co ★ Ethereum tests weekly Fibonacci resistance.

Blue lines- Fibonacci retracements

Ethereum reached the $1,900 level as expected by our recent analysis since price respected the bullish channel it was in. Price continues making higher highs and higher lows. Price has reached the 38% Fibonacci retracement of the decline from $3,579. This is important short-term resistance. Big test ahead for Ethereum bulls.