The dynamics of volatility on the cryptocurrency of ethereum clearly decreased, which did not, however, prevent the demand side from maintaining increases from the beginning of the week. Currently, investors keep the price as part of an upward price channel. I expect growth to continue, at least at local resistance of $ 900.

Picture 1. Technical analysis, ethereum, H1,28.02.2018

In the case of breaking the indicated resistance, the next target for the bulls seems to be the upper limit of the channel within which the quotes are currently moving.

Picture 2. Technical analysis, ethereum, H4,28.02.2018

The maximum range for the upward scenario in the context of this week is the psychological level of 1000 dollars, where there is quite strong resistance.

Risk Warning: The content of this analysis is for informational purposes only and does not constitute investment advice.

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