ETH trending higher
ETH has been building momentum since the last test of lower trendline on 15/9. Since then it has a steady growth and I expect that it will break up from the ascending triangle chart and go above previous high $400. From the market perspective and relative valuation I'm positive that we will see ETH trading above $500 in next months to come. Last resistance area (yellow) is at $340-344 level, after that test of upper triangle resistance level. Any drop and price consolidation on trendline is buying opportunitiy.
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