Continuity in bullish trend ETH/USD (USDT)

5 Feb 2021

We have continuity today in the bullish trend for ETH/USD (or ETH/USDT, which I prefer while trading on Binance). In the 1D timeframe, we can check that the price is breaking the resistance in the ascending wedge -now turned support-, a sign of continuation of an uptrend. Next goal: 2000 USD. This is affirmed by the two indicators in the graphic, ADX (with a clear mark above 31 level) and MACD (in upper crossing since February 2nd).