I think $2000 Ethereum is right around the corner, the ball is going to drop any moment. I large chain reaction will take place, there will come a time where Ethereum breaks it's all-time high once again and smashes my previous long term target of $1920.
Remember to use risk management, I am keeping the context of this idea fairly short. I was waiting for an entry based on my last Ethereum forecast. I replotted a Fibonacci retracement for the purpose of this chart, we have seemingly found support on the .236 and have had three bounces both on the top and bottom of the ascending wedge we are currently in.
If we break down I will likely close part of my position and wait before I continue trading Ethereum.
Trade active
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Added to my long position during the dip around 1765.