Ethereum climbed as much as 1,938 today where it has found resistance. It's trading at 1,901 at the time of writing. After its strong growth, a minor retreat could be natural. The bias is bullish, so further growth is natural.
In the last 24 hours, ETH/USD is up by 0.07% and by 1.81% in the last 7 days. BTC/USD's rally helped the altcoin to increase as well.
ETH/USD Bullish Bias Intact!
ETH/USD rallied after testing and retesting the median line (ML) and the 1,846 downside obstacles. You knew from my previous analyses that the retreat could be over around these levels and that Ethereum could resume its growth.
The bias is bullish as long as it stays above the median line (ml). The 1,942 former high is seen as the first upside target.
ETH/USD Outlook
A valid breakout through 1,942 activates further growth and brings new buying opportunities.
