Ethereum recently lifted up to the previous 2017 ATH price at $1594 and turned that level of resistance into support. From here, it found support on top of the channel, wedged between that and the $1784 resistance level.
I'm expecting the price of Bitcoin to fly to $54,000 and carry the price of ETH to $2,000 and above. $1784 is just a minor level of resistance in the grand scheme of things and is most likely going to hit $2,000 on its next stop.
I'm expecting the price of Bitcoin to fly to $54,000 and carry the price of ETH to $2,000 and above. $1784 is just a minor level of resistance in the grand scheme of things and is most likely going to hit $2,000 on its next stop.
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Looking at the daily timeframe of ETH we can see that its trying to close above $1784 to bring the price to $2000 and above. At the moment, the price of Ethereum is being squeezed and its just a matter of time before it breaks out 
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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.