DU09

ETH/USD - $2,000 won't hold us, bullish!

BITSTAMP:ETHUSD   이더리움
ETH is painting a very bullish picture.

We are currently testing the resistance at just under $1,800. I don't expect it to hold us here long because the bullish momentum in the market is very strong, I would be more curious to see how price reacts at $2,000.

MACD on daily is very bullish with momentum picking up, RSI is curving up. The volume is a bit lacking, but this is not a major concern right now.

I would not be surprised to continue up uninterrupted and then we have to analyze the price action at 2k. If we fail to go above $1.8k, then the most significant support is at $1,400.

For now I remain very bullish, lets see.

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