Ethereum has had a great week with the resistance broken around $497 easy. The ema 55 crossed the ema100 bullish as expected, the other indicators are also slightly bullish. On the weekly chart there is little resistance up to the next level at $818.

After the previous highs were broken ETH also left the broadening channel and today is the 5th bullish day. Although the road to the $818 on the weekly is open, a retrace plus any test on the highs or trend line is not a crazy thought. Only when it will come is not yet clear here. We already see the rsi and lbr starting to weaken slightly. Both are good bullish, nothing to worry about yet. We go to the lower timeframes in the hope to pick up more information there.

Two days ago a thorough retest took place, after that Ethereum only started to rise and we see few signs that a retrace is imminent. The ema's full in bull mode. The rsi has tested the 70 line and has risen above the ema again. The lbr is currently testing the ema and we see a lot of bullish momentum.

Conclusion:
My expectations are that we will move to the next resistance level at $818 in the coming time. Most likely there will be a retrace omo then go to the $818. However, it is not yet clear to me when it will come. For now it all looks very bullish. The major support zone for me is around $500.

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