ETHEREUM Made Higher High -- Looking To Close Above $535

Ethereum has more or less been consolidating lately. There's been strong resistance at the $535 level, but we are seeing prices reach higher highs. We now need bulls to step in and solidify that this resistance level will be support with a close above.

The $500 psychological level is extremely supportive though. That price level has been relevant consistently, so I'm expecting something to occur here. Ideally I'd love to see this level hold and see prices rally to make a new high on the weekly chart above the $800 level.

The rest of the markets seems to be pulling back more as well, but just shaking off the Sunday dump. Overall, I'm not super skeptical about the potential in these markets. There's been a lot of bear breaks from longer consolidation and I believe we are still in a longer term pull back just like in 2014.

Sit tight all!