Ethereum $ETHUSD has been surging in the past couple of months. Let's take a look at the recent rally.ETH/USD Daily Chart(click to enlarge)The Slumbering Beast Wakes:- From June through November, ETH/USD has consolidating in a triangle that started with a range of $150 to $420. - Price basically stabilized around $300 and was coiling. - Price started to rally in November and really caught fire in December.- Note the bullish breakout from the triangle and the subsequent consolidation right at the range resistance.- The subsequent bullish breakout in December met some resistance around $850. Another period of coiling occurred at the end of the year (ignoring the flash crash back to $455).- This week, price broke above this triangle and is now heading to $1000, which I think ETH/USD will reach very soon.- At this point, we should consider the $700-$750 area as strong support. - But if the market is so bullish, even $850, the December high/resistance, could become support.