Ethereum Short/Mid term target ($240)

varunsm0812 Updated   
(Personal opinion - NOT A FINANCIAL ADVICE)

Since Bitcoin broke all the recent resistance levels like a hot knife slicing through a piece of butter, we do have a lot of reasons to be bullish on Cryptocurrencies for the mid term.
Dips on $ETH are worth buying and I'd consider levels below $150 to be a good buy. The price-action-squeezing triangle can seemingly breakout either ways so I'm going to be
cautious if the price is not able to maintain the bullish bias in the short term.
Sentiment would soon incline towards "GREED" in no time and we'll see moon boys screaming $10,000 BTC soon.
So beware of that kinda sentiment. I strongly believe we need to retest the lows again in order to maintain a Price - Strength for the next bull run!

Trade with caution and responsibilities, always hedge against your risk and never forget Stop Losses.
Extreme resistance looming above Ethereum at $190 levels. Watch out!


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