Ethereum's Massive Bull Run Has Just Started

Ethereum is rising very rapidly in the last few weeks. Whereas the rising was more gradual at the start, it's starting to show signs of parabolic behaviour since a few days. This parabolic move blasted the price through the upward sloping channel, signaling more bullish movement to come.

Since there aren't any big resistances in the vicinity, the price has a lot more room to grow. Resistance 1 and Resistance 2 are the first major areas of big selling pressure, therefore it would be wise to reduce your long position around there. If both resistances were to be beaten, nothing will stop Ethereum from reaching the $1000 mark or even targeting a new All-Time-High.