Ethereum recently lifted up to the previous 2017 ATH price at $1594 and turned that level of resistance into support. From here, it found support on top of the channel, wedged between that and the $1784 resistance level.
I'm expecting the price of Bitcoin to fly to $54,000 and carry the price of ETH to $2,000 and above. $1784 is just a minor level of resistance in the grand scheme of things and is most likely going to hit $2,000 on its next stop.
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Looking at the daily timeframe of ETH we can see that its trying to close above $1784 to bring the price to $2000 and above. At the moment, the price of Ethereum is being squeezed and its just a matter of time before it breaks out