Ethereum / Bitcoin

ETH just broke through strong resistance

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ETH has just broken through a strong resistance after starting what looks to be like an uptrend on the way to its next higher high. We can see the formation of the higher low just weeks ago. Since there is no clear uptrend an this was the first higher low I'm not really sure where the minimum target is for price. If I had to guess I would say it should reach at least the peak of the previous uptrend. Although we can see several resistances on the way up I would expect ETH to eventually break through them. Something I do fail to see is a clear bottom reversal pattern at the previous low, but this is not a necessity for establishing an uptrend.

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