While the price went as high as $1430, it broke and closed above the $1370 resistance, that is 427.2% level, suggesting that the uptrend is far from over. Although price corrected won sharply and was stopped at the strong between $765 and $792. The support is confirmed by two levels and the clear bounce of one of them can be witnessed. At the same time, ETH/USD rejected the 200 Moving Average and the 2/1 adding extra confirmation of the uptrend validity.
The price could continue ranging for some time but overall it should reach the next level at $1950 and potentially it might test the strong psychological level at $2k.
#1 Crypto Blog: http://cryptopost.com
Crypto Forum: http://cryptoforum.com
Alts vs BTC Trade Signals: http://cryptopost.com/signals-membership/
ETH Tip Jar: 0xafbc203afac03c466b9e8ce3b4c7133b710bf