Ethereum (ETH) spent most of the last five weeks consolidating. Although we saw the crypto gain 50% between late February and mid-March, it was part of a larger consolidation pattern. However, that sideways action broke on Wednesday. I talked about this at length on Twitter as the market was retesting the $1,870 resistance area. You can see where $1,870 is a key horizontal level and a trend line that extends from Ethereum’s all-time high near $2,040. Because it’s a descending level, new support is closer to $1,840 today. As long as ETHUSDT stays above $1,840 on a daily closing basis, the near-term bullish outlook is ... (full story)