Yesterday, we noted that $ETHUSD is breaking above a consolidation, which formed after a bullish breakout from a previous consolidation resistance. The bottomline was that ETHUSD looked bullish after clearing above $500 with the $600 level in sight. It did more than that during the 12/12 session. ETHUSD Daily Chart (click to enlarge) Breakout and Take-off:- The daily chart shows the initial breakout in November after which there was a consolidation for a couple of weeks. - Then, price confirmed support above 400, and broke that consolidation resistance during the 12/11 session.- The 12/12 session candle took off and pushed price above $600. - At this point, $520 is a key support. - As I noted in the previous article, ETH should continue to gain inflow in 2018, however, it will be tested as many of its projects are going to go live. - We recently saw how crypto-kitties slowed down the system. - Currently the development team is working on "Ethereum 2.0" to help it scale. But will it be better than other solutions being offered such as EOS, NEO, ADA etc. ? This link will connect to you to the list of Ethereum projects currently live and in development:https://www.stateofthedapps.co...