Ethereum's New All-Time-High On The Horizon: Bullish Triangle
For quite some time I've been very bullish on ETH, with good reason. The biog caps are in for a wild ride after it seems that Bitcoin has reached its top recently.
In my other ETH posts I kept the targets relatively close since I was unsure if the alt-coins would gain more momentum. It seems they are doing exactly that.
Since we both broke the upper resistance of the bullish triangle and formed a new local high since years, I see ETH/USDT gaining more momentum. The next major resistance will be at $1450, the all-time-high. I'm quite confident we will reach it either today or tomorrow. After the ATH is reached, it all depends on price action. If we manage to blast through the resistance with a lot a volume and a big candle, we could potentially reach $1700 within a day or two. I've selected $1700 since it's based on today's the second pivot point.
Happy trading and best of luck!
In my other ETH posts I kept the targets relatively close since I was unsure if the alt-coins would gain more momentum. It seems they are doing exactly that.
Since we both broke the upper resistance of the bullish triangle and formed a new local high since years, I see ETH/USDT gaining more momentum. The next major resistance will be at $1450, the all-time-high. I'm quite confident we will reach it either today or tomorrow. After the ATH is reached, it all depends on price action. If we manage to blast through the resistance with a lot a volume and a big candle, we could potentially reach $1700 within a day or two. I've selected $1700 since it's based on today's the second pivot point.
Happy trading and best of luck!
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