After a strong break up of the trend line on the 4h graph, ethereum designed a very nice positive channel that was already showing a slightly positive uptrend market.
On the daily chart, we have now the confirmation of the cross and exchange of dominance Tanken/Kijun, price is now evolving over them and heading for the Ishimoku's cloud, RSI still got some reserve to breakout violently through the cloud and the trend line.
We may now face two option in case of a confirmed bull market : first one would be a test of the descending trend line visible on the daily graph before climbing over it and joining the strong historic resistance zone drawn with the rectangle, second would be that the ETH is strong enough (we will see how fast the RSI climbs and if he keeps some reserve) to cross the trend line and directly join the resistance rectangle for the new higher top before building a consolidation.
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