Ethereum 4-Hour Chart: Bulls Test Short-Term Fib ResistanceEthereum / TetherUSBINANCE:ETHUSDTDukesMarketAnalysis0.618 Fibonacci Tested Ethereum has rallied strongly from the $1,550 support zone, but the recovery has now stalled at the 0.618 Fibonacci retracement around $1,720. This is often an important decision point where sellers look to regain control. Trend Improving, But Still Bearish The 100/50-period EMAs remain bearishly crossed, although both moving averages are beginning to turn higher. While this is an encouraging development, the broader trend has yet to confirm a bullish reversal. Resistance Still Overhead The next challenge for the bulls lies between $1,780 and $1,850, where previous swing highs and daily resistance converge. A break above this zone would provide the first meaningful change of character on the daily chart. Support to Monitor Initial support now sits around $1,638 following the recent breakout. Holding above this level would keep short-term momentum with the bulls, while a break back below would increase the probability that this is simply another rally within the primary downtrend. In Summary Ethereum has produced an encouraging recovery from multi-month support, but it has already encountered selling pressure at the key 0.618 Fibonacci retracement. Although momentum is improving and buying volume has increased, the broader trend remains cautious until higher resistance levels are reclaimed. The next few sessions should provide a clearer indication of whether this is the start of a genuine reversal or another temporary bounce.