ETH has broken through two important resistance levels in the most recent market.
The first is that it broke through the $ 440 horizon. The band shown in light blue is a price range that has been strongly conscious in the history of ETH, and it has been above this since July 2018. This is the first time in 2 years and 4 months.
The second is that it has exceeded the latest high of $ 480. After hitting $ 480 on September 1, 2020, it was rebounded and pushed down to $ 310. While there are concerns about repulsion this time as well, it seems that the buying momentum is strong from the situation where it has clearly broken through.
And now, the breakthrough of $ 505, which is considered as the entrance to the 2017 highs It is a challenging situation.
There is still room for high prices from the shape of MACD. It is a development that I would like to expect a rise to around $ 600.