Hi guys! Ethereum is consolidating for over a month now within the triangle and the price is getting squeezed between the dynamic trendlines, break out is imminent in my opinion. The main target of the buyers is to break through the resistance area of $1800-1900, if they manage to do so and we see a daily closure above these levels, then the rocket will launch! Short term minimum target is $2160 while mid term area for taking profits is $2600-2700, from there we could expect some sort of correction movement. Bear in mind that mid April we have the Berlin hard fork and end of July the London hard fork, both are very important updates for the Ethereum network which could lead the price to new highs! Considering the fact that after VISA announced today that it will incorporate Ethereum-blockchain-based stable coin USDC into their network for settling transactions globally, ETH price reacted positively, imagine what will happen when more good news will come and there are a lot of news for Ethereum coming... I don't see any signals for dump, only way up!
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This is my trading idea. I am neither a financial advisor nor I urge you to trade my idea.
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