The price had many reason to keep pushing higher:
1) Is over a horizontal support zone (before was a resistance one)
2) Is over a diagonal support zone respected many times
3) respected the SMA50
The vaccine works against the new covid strain:
The price is respecting the diagonal blue ascending line, with two weeks of indecision candles, if we draw the fibo level from the All-Time High ( December 2018) to the next All-Time Low ( January 2018) the price did touch the 38.2 fibo level. So, we can expect a sharp downside movement sooner than later to touch once again the lower part of the channel, the price...
The price did a sharp upside movement and now is in the retracement process. An important point here is that the price broke the diagonal weekly blue line, and now is retouching it. In the retouching process, we can find the special psychological area of 500, so in this price area, we can find strong support to keep pushing higher.
The price has already break a strong resistance diagonal line area marked with the long dot blue line. Now is respecting a lower timeframe triangle structure, which one if is broken will give to the price a significance confirmation for a strong upside movement.
The strong support area is the range between 27-28
The price is reaching a new recent all time high, which one is going to find a resistance area in the diagonal blue line, in prices terms is near 500 ETHUSDT, if it broke it we can expect the price to reach levels of 800 in the mid term, if it dont break it, we can see a sharp downside reaction to the price of 200.
The price try to breakout the all-time diagonal line structure and the 1h timeframe channel, but the price couldn´t finish the job, and right now is in a relatively strong downside movement. The expectation is the price break in the downside direction the 1h timeframe channel, and visit the support area of 29,5, if that area is broken, wait for it at 28,3.
The price is in the diagonal ascending blue line, the price can respect it and keep pushing higher to the above resistance area. Or can go dip deeper (breaking the diagonal line and the 50MA) to the 14k-13.5k price area, in order to take forces to move higher.
The price is in a 1h timeframe ascending triangle pattern, wait for the breakout of the area, and the breakout of the next blue line too (which one is a diagonal descending line of the daily timeframe structure).
Next wait for a little consolidation to get inside.
The price had touch 4 times the price area of 1.093-1.03, in any moment the price is gonna explode, I am betting on a breakout to the upside, with a nice risk reward-ratio to the next significance zone.