Cryptocurrencies have mostly been in consolidation phase as they came into the end of the year. Now, the bulls have had their break and are ready to propel prices higher into the new year.
Ethereum initially looked like it was turning bearish from consolidation as the moving averages crossed over with shorter MA's to the downside.
Now, we have a very sizable gain from ETH today as we saw prices move from $760 to a new ATH at $879. Current support is at $822.
I expect that this move will continue. Unless This is a test of a double top and bulls pull away (which I don't think is likely), we will see price movements up. I made a prediction yesterday that I see ETH going to $1,200, and with moves like today, this will happen sooner than I think.
Happy trading!