Last week ETH successfully flipped the $386 zone. Eth went up at full speed with $468 as the high point. Can we continue this way and the previous higs flip around $500? We will look at the possibilities this week. The ema's are pretty bullish here and are spreading out, which indicates a lot of momentum. The rsi has shown a retest oip the ema and is just below the 70 line on the scale. The lbr will most likely mimic the rsi as there is still a lot of bullish momentum to be seen.

Here we can see a beautiful bullish symmetrical triangle. When you extend the bottom trend line to the left you can see that it has resisted in the past and has now flipped to support. We see the ema's in moon mode with a lot of momentum. We also see the volume decrease as the price gets closer to the apex, this is a good sign because with an outbreak you want to see that volume pump. We can also see a hidden bull div on the rsi as well as on the macd. If the price is going to come back to the lower trend line one more time and the rsi and macd do that it would be a good confirmation of a ride up.

Here you can see that compression is slowly building up towards the apex of the pattern. The 3 longer ema's are nice and bullish with a lot of momentum. The rsi is in neutral zone above the ema and midline. The lbr shows exactly the same as the rsi and the macd is ready to find its way up.

I can't conclude otherwise that I am quite bullish on Ethereum. But never let your bias make you suffer and look at both scenarios. My bullish scenario is that at the 4h we will test the lower trend line again and possibly put in a double div to break the pattern upwards. A price of $490 to $500 for 1 ETH should then be achievable. However if we get a candle on the 4h that closes below the trend line then I'm going to take a serious look at the lower timeframes to shorten a bit on a retrace. The next support would be around $408 - $415.

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