#Ethereum is about to follow #Bitcoin in the path upwards.
Beautiful upwards grind looking for a clear breakout above 2,070€.
Given the upwards path, and the amount of tests it has been having at the resistance zone, it's very likely that a breakout is about to happen.
The resistance areas:
- €2,350.
- €2,900.
I wouldn't expect the price of $ETH to stall at the first resistance zone, as that would be a relatively weak breakout after a 3 month consolidation within this area and beneath the current resistance zone.
A rally to €2,900 (or $3,400) would make way more sense after this period of consolidation.
Very likely if Bitcoin continues to rally to $84-87K that the #Altcoin markets are going to have a stronger run upwards.