I really like the pattern Ethereum has been forming since it's big drop on the 21st and 22nd. To me, it looks like ETH is forming an ascending triangle. I would like to add to my ETH position but I am going to be patient and let the formation continue to form a while longer unless we get a breakout above $670. I will be buying on any breakout over $670.
@OmarHalawi, YES! IMO the first big test will be getting over $900, then if ETH can get over $1000 that will be a real big deal, I have a feeling $1000 may be a bit of a struggle, most likely will not succeed on the first attempt.
Rajesh_TB
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You meant 770$?
Bigsky_Crypto
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@Rajesh_TB, Yep! A breakout above $770, sorry, I wish I was able to edit the text.
Rajesh_TB
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it is already at 738$!
Bigsky_Crypto
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@Rajesh_TB, Crap, I missed it! JK, I need to proofread better.
Uboakp
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@hdon94, the price has crossed 800$, what will be the next resistance?
Bigsky_Crypto
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@Uboakp, Sorry for the delay responding. ETH has broken out to a new all-time high and now pulled back a bit. It seems to be bumping up against resistance at around the $860 area. If it is able to push through the $860 level I don't see much resistance other than at the recent all-time high.