Since April 2021 after the breakout of the 1880 area, Ethereum technically presents a clear and strong large structure for the long-term investment optimism. Today analysis shows Ethereum has reversed from the key support 2370 and is currently consolidating between 2800 and 3200. Based on Ethereum's upward trend structure, there is the possibility that the next peak could occur at the end of June 2022 at 5160
Investment idea: Current momentum seems the most appropriate time to invest in Ethereum because Ethereum is under consolidating around 2800. The possibility to expect down lower will be a very small chance because the has been formed since January 2022 in the reversal support 2370. For those who have invested or are currently adding to their investment on Ethereum, you should sit back nicely looking until Ethereum reaches about 5160 in the next 4 to 5 months.
As an additional idea that is specific to Ethereum, It is best to invest always waiting for it to reverse in the long-term support area because once again Ethereum has a clear and strong uptrend structure.
Please take a look at the following ETH/USD chart as the basis for my technical analysis of structural price action, which is quite simple but very logical. The chart is taken from Tradingview.com on February 18th, 2022 with my user name, hidy_exostones.
