Big breakout for 
ETH after a nice hold at 2500 with a low just short of triangular support.
This sets us above both short-term (outlined) and long-term (see below) ascending triangles with next resistance around 2750.
I believe we could see price bounce between 2750-2600 until early February (2/03) when short-term pattern ends. After that we may dip down to long-term trendline (solid purple) and consolidate between that and 2750 for some time. This could prepare us for another breakout mid-February.
ETH after a nice hold at 2500 with a low just short of triangular support.This sets us above both short-term (outlined) and long-term (see below) ascending triangles with next resistance around 2750.
I believe we could see price bounce between 2750-2600 until early February (2/03) when short-term pattern ends. After that we may dip down to long-term trendline (solid purple) and consolidate between that and 2750 for some time. This could prepare us for another breakout mid-February.
Note
D1 Chart Analysis
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.