Ethereum remains in a medium-term bullish trend. Price made an all time high last week at $1,872 and then pulled back towards $1,650 today. However bulls stepped back in and pushed price close to Daily highs.
ETH/USD is challenging short-term resistance at $1,800-$1,830. Breaking above this resistance trend line will open the way for a move to new all time highs. Support at $1,650 is key for the short-term as a break below it could signal more weakness ahead and a possible pull back towards $1,350. Price is closer to short-term resistance so bulls should not get overconfident. A rejection at $1,800 will push price towards $1,750.
