Ethereum -> More Upside Potential

Hello Traders,
welcome to this free and educational multi-timeframe technical analysis .

On the weekly timeframe Ethereum just recently broke out of a very clear triangle formation and since then already had a pump of about 30% towards the upside.
We have the next clear resistance area coming in at $2000 so I do expect the market to have a bullish move into the zone before finding short term resistance there.

On the daily timeframe I am just waiting for the market to break above the previous resistance zone which we are currently testing once again, and after the break I definitely think the market will finally retest the $2000 area.

Thank you for watching and I will see you tomorrow!

You can also check out my previous analysis of this asset: