$ETH

This is a weekly candlestick chart of ETHUSD
Current price: 3800

ETH Ethereum recently broke out of a long-term downtrend, indicated by the red diagonal trendline. Price action has shifted from bearish to bullish. This is also a show of strong Momentum as recent candles are large and green, showing aggressive buying (strong bullish pressure).

If #eth continues in this uptrend then here are the resistance above to watch: 4000, 4800 and possibly new all time highs at 5600, 6400

Note worthy to know that the areas between 3800-4000 is very critical resistance.
Assuming a retracement from this resistance, Ethereum remain bullish above 2900


Invalidation of this idea is under 2900

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