Ethereum had a big day yesterday with a close at $2065 beating the all time high and closing above the $2000 mark is very significant. ETH spent weeks in consolidation after the previous all time high.
This consolidation occurred within an ascending channel as shown in annotated chart below. ETH is in the clear blue sky with no resistance in place except the channel resistance hence I believe its only a matter of days before it reaches the top of the channel at $2350.
A retest of the $2010 mark might provide a good a buying opportunity to target the channel top.
ETH daily time frame.
Engineer, Entrepreneur, forex trader and Analyst
