ETH course analysis KW47 - New all-time high achieved!

In the course of a brilliant rally Ethereum was able to reach a new all-time high with 399.02 EUR (477 USD).

Summary

The Ethereum course has increased during the week.

The Triangle Pattern, which has been in progress since June, was broken at higher prices.

The short-term support is 334.34 EUR (399.68 USD), the short-term resistance is 402.07 EUR (480.65 USD).

I also know what Bitcoin can do ", thought Ethereum - and this week, it was certainly due to the Casper Announcement. After the price had risen significantly until November 22, Ethereum eased off and rose even steeper. Last week's bullish outlook confirmed and drove the Ethereum rate to a new all-time high. At the top of this week's rallying rally, Ethereum entered an ascending triangle pattern that has not been broken.

The MACD (second panel) is the Rally accordingly positive and the MACD line (blue) is on par with the signal (orange).

The RSI (third panel) is bullish at 59.

The moves in the 60min chart speak a bullish language. The week's most important support is described by the support of the flatter uptrend and stands at $ 334.34 ($ 399.68). Another important support before this is described by the support of the Triangle Pattern, which stands at 385.92 EUR (461.34 USD). Most important Resistance of this week is described by the highest point of the Triangle Pattern and is at 402.07 EUR (480.65 USD).

The long-term price development

To put this rally into the bigger context, let's take a look at the 240min chart first: