- Ethereum breaks out above $440 in a bid to smash through the current 2020 high at $447.
- ETH/USD bullish case to highs above $450 seems unstoppable as shown by the RSI and the MACD.
Ethereum has entertained the ongoing bullish case since the weekend session. In addition to reclaiming lost ground above $400, Ether paced past several other hurdles including $420 and $430. On Monday, there was a reversal back to the support at $420 before the bulls gathered enough strength to pull ETH above $430. The bullish action remained unstoppable with the bulls reclaiming the ground above $440 towards the end of the Asian session on Monday.
At the time of writing, ETH/USD is doddering at $442 amid a massive bullish momentum. All eyes are glued on breaking August’s high traded at $447 and pushing the second-largest cryptocurrency to new milestones beyond $450.
The technical picture is strongly positive