ETHE Bounces Off Fibonacci Cluster Support ... Now Up Against Resistance

Ethereum began to rally this week off the setup we posted in our Fibonacci Markets & Stocks service -- off the two-step pattern price cluster shown on the chart below.

We do have some very important resistance here now that we NEED to clear if the rally is going to continue from that last low.

Note the potential upside target if we do clear it....4405....Any longs should trail up stops at this point in case we don't clear this key zone!

Carolyn Boroden, who is renowned for her expertise in Fibonacci price and timing analysis, hosts the Fibonacci Market Analysis service at ElliottWaveTrader.