One last shakeout in ETH before next leg up

Ethereum is in a clear channel that looks like it wants to touch the lower trendline at least one more time. If it continues on its current trajectory, the lower trendline is roughly around 1120. Notice the diminishing sell pressure in each touch of the lower trendline. Ethereum has already made new ATHs and needs a bit of back testing before continuing its amazing run which should bode well for the altcoins.