ETH/USD has been in consolidation for the last couple of weeks. We could see a continuation of consolidation up until March 8th as its triangle formation comes to an end. We remain bullish on ETH/USD as it has lagged behind the Bitcoin the last couple of weeks. A breakout beyond the triangle formation with a daily close above $900 should confirm further bullishness.
Resistance Levels:
961.00 - Upper Bollinger Band
877.75 - 20 Day Simple Moving Average
Support Levels:
838.65 - 100 Day Simple Moving Average
793.50 - Lower Bollinger Band