Ethereum has caught some serious momentum. It broke through some strong resistance at $1750, the neckline of our head and shoulders pattern from which we broke down last week. We are currently facing resistance at $1821, which is reasonable considering just yesterday we were still in the $1600 handle. The next resistance level is $1872, then $1906. We are likely to see at least a technical retracement before then. We will definitely see support again at $1750.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.