This time, it has a very nice supportive structure with multiple higher lows and higher highs in place, and the buying looks great in this last move up to the resistance line.
Note the black downtrend line on the chart. That is the main downtrend line which ETH never managed to break since the all-time-highs in June.
If you're not already in, it is important to wait until the price decisively breaks out of this major (with good ), and the 295 eur fibonacci resistance as a confirmation of the beginning of a new uptrend which can take this market to new highs (probably even surpassing the all-time-highs set in June).
First target 334-340 eur .
It's best to lock in the profits from this trade here, and buy back on lower price levels, depending on how much ETH will follow BTC on its way down.
This trade still brought us some nice profits nonetheless.
ETH now has a nice structure to keep moving up.
I will post a new analysis with new targets.