Ethereum Is Just Starting The Uptrend Journey: No Resistance till $800

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I don’t know why am just happy today while checking our eth/usdt trading chart, the rate at which eth have been propelling upwards within this few days/weeks is really alarming from $380 and currently it is around $593 and everybody is patiently waiting to see the next move, will eth cross the next resistance at $600-$602 and start the long bull run journey or will it retrace back down instead of breaking the resistance line.

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I had to go to the lower time frame to see what is actually happening, even thought the bull is very active, the selling pressures are really preventing eth to break the resistance line, currently eth is moving up and down the $584 - $602 after multiple attempt which isn’t successful. If it break the recent support like, consolidation state might set in before it will retrace back higher.

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Checking out the weekly timeframe, did you notice something? There is no resistance till eth reach $800, do you know what that means if eth break this recent resistance at $602, it will really be a long ride upwards and this will eradicate the underperformance trend against bitcoin which keep occurring for a while now. Have saw many traders views on this while they are patiently waiting for the long bull run or the next consolidation. What do you think about this?



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5 comments
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It has already broken the resistance. $800 in works, right?
I hope the other alts will follow. As it seems, BTC is currently stalling and an alt season might be unfoding.

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Yes I saw it just now. We should wait and see if the long bull run will play out. My prayer is alt to follow also

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(Edited)

Ethereum moved pass $605 and I am hoping to see if it will move to $800 as it is reflecting from your analysis without a resistance level. I was almost to make a mistake as I've sold my Ethereum few days ago, but I've bought back in and lost just a dent. I would have regretted watching this bull run from sidelines.

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Good article, these days will be exciting and for those who have coins saved these investors are waiting for the rise to leave with the expected profits.

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One of the great wishes of many of us is that they can run the altcoin with the same luck that is running ethereum.
Of course, behind etherum there is a big project in development, something new at the door. Hopefully, it will be able to go up in the same way

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