Ethereum has surged 40% since the start of 2021, allowing the cryptocurrency to break above $1000 for the first time since Jan 2018. Yesterday, ETH pushed upward from $760 and closed the daily candle at $975 (long term 1.272 Fib Extension). Today, ETH continued to reach as high as $1161, where it met resistance at a 1.272 Fib Extension level. Unfortunately, the sharp drop in BTC caused ETH to head lower into the .382 Fib Retracement support at $855. The bulls have regrouped since hitting $855 and have rebounded to trade back above $1000 at the time of writing. More specifically, on the 4HR chart, ETH never closed a ... (full story)