If Ethereum holds here and holds the uptrend speed line it could be breaking out and rallying to the target on time. If it doesn't hold the trendline and goes back under the monthly mode (blue box), it'll continue to consolidate until it has gathered enough strength to break out.
The implications are bullish, so I'm holding either way, but it'd be interesting to see how the price action evolves here.
Keep an eye on it, if not in, look to buy gradually over a week or two until you own 20% of your account's worth in ETH. The ETHBTC chart is promising, and has low risk, so, it'd be a good opportunity to exchange some BTC for it after the rally in Bitcoin.
Cheers,
Ivan Labrie.