Ethereum is on a roll at the moment. We ended this week up 19% and this could definately continue even higher and hopefully with an increase in volume. Lets look at the weekly chart:
Comment: During the week, we went all the way up to 1600 but then we retreated a bit and closed 1358. Now, the only negative I can see here is that the candlestick did not close near the top, so potentially that could mean that it has been exhausted, but what you should look for here is a potential close below the ascending trendline and that would be below 1200.
Otherwise, Ethereum could continue to charge higher and it is now way ahead of the bankster coin Ripple, which is some great news. Have a look:
Thats it folks, happy investing!