ETH near all-time highs and the round level of 2K looks poised for a breakout. Volume has been declining since the beginning of the year so if we get some volume the next level up could be 2400 in 2-4 weeks. I haven't had much luck with technical analysis of crypto on a time scale of less than a day but the charts look better behaved on a daily-weekly scale. ETHUSD I will place a stop alert below 1800 and watch the action, since I've been stopped out too easily with hard stops on crypto.
Trade active
We got a push past the previous ATH with a little increase in volume which is a good sign. ETH also has had good relative strength compared to BTC over the last few days. A bounce off the 2,00 level could be another good entry opportunity.
Trade closed: target reached
Touched the target of 2400 within 2 weeks, so I'm moving my stop up to be tight on the 10 min chart. Could extend to 2500-2600 over the next few days with the recent strong buying.
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