The ethereum cryptocurrencies are still under consolidation, the limitations of which can be defined on the basis of levels of USD 780-890. Currently, the price is almost exactly in the middle of the indicated side trend, so it is possible that today’s day will run again in its reach.

Picture 1. Technical analysis, ethereum, H1,05.03.2018

In a slightly closer perspective, we are able to determine the formation of a triangle from which breaking should open the way to attack one of the limitations. Currently, it seems more likely to break the top limit of this formation and attack against the resistance of $ 890.

Picture 2. Technical analysis, ethereum, M30,05.03.2018

Breaking the level of $ 890 and further increases opens up to the demand side the opportunity to attack the psychological level of $ 1,000.

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

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