Ethereum seems to be the coin in the "Big Three" that is performing the best. It has maintained trend line support for nearly a week now. The small selloffs that pushed ETH below the trend line were quickly bought by bulls and we saw closes above the line.
We definitely will see a struggle at $830 as this has been a big resistance/support level recently. If bull momentum can rally and break above this level (which I think it will), we will see a test of the ATH.
The daily time frame still shows RSI levels way overbought and are above 84. This likely means that if we bounce off of the $830 resistance, we will see a test of trend line and price level support. If those break, we will likely correct further.
Happy trading!
