ETH being one of the large caps cryptocurrencies is approaching a new high as it breaks daily diagonal resistance (white) at $570, after which it accumulated ( rectangle) below pulling a leg up to $620, and presently in another accumulation phase. There is a bullish pennant forming $620 and $680 range which if broken should give room for another leg up to $750.N.B The latter part of this analysis will only be possible if BITCOIN settles above $21,000 for the next few weeks.
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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.