ETH formed a beautiful ascending triangle and this morning we pushed above it. We can see that on the last 4h candle the volume has increased, this is bullish! Interest in ETH is picking up.
If we are to do a 1:1 extension of the ascending triangle (blue) from breakout point, we will touch ATH level.
Therefore, there is a high chance we will reach ATH soon. We do have a local resistance, but this is not likely to hold us up if the momentum increases as we go up, as indicated by the increasing volume.
Market is looking good! BTC also seems to gain market cap dominance (chart linked below), indicating BTC may get into spotlight again soon, especially if we pass ATH levels.
Like and follow if you like this chart!
If we are to do a 1:1 extension of the ascending triangle (blue) from breakout point, we will touch ATH level.
Therefore, there is a high chance we will reach ATH soon. We do have a local resistance, but this is not likely to hold us up if the momentum increases as we go up, as indicated by the increasing volume.
Market is looking good! BTC also seems to gain market cap dominance (chart linked below), indicating BTC may get into spotlight again soon, especially if we pass ATH levels.
Like and follow if you like this chart!
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