Ethereum makes news again as we see a new higher high, after breaking the $1,400 resistance. Many analysts have indicated this is a target resistance level for Ethereum, so breaking this level is definitely a great thing for price action.
One thing to note is that we have seen a third higher high with lower RSI on the 4-hr. In addition, we are looking to complete the 5th leg up on the Elliot waves before starting a 3-leg down.
We're also seeing the 9th consecutive green candle for ETH, so we will be expecting reds to show up at some point.
Volumes seem to be constant and decent, although not increasing or decreasing.
Overall trend line is still up, and immediate support is at $1,360.
No major tested resistance from blue sky breakout, but order book is showing plenty of sell orders between $1,420 and $1,430 so I'd expect we will top out around there before pulling back and consolidating.