There was a lot of big news for Ethereum
at the Consensus 2017. Following all of the good news, we see that the price of Ether followed suit. I have drawn (in black) some important trend lines
to make note. The Ethereum
chart looks beautiful in such that it plays perfectly with the fib retracements. We see a strong upward momentum by looking at the lower trend line
that touches the higher-lows. Right above that we see another trend line
showing all of the higher-highs. We can assume that the price will start to retrace eventually because the higher-highs and the higher-lows are building a triangle. If you were to project the trends they would eventually meet. However, don't expect to wait that long for the price to retrace a bit. We see strong support at .236 fib. And the price just now bounced off of the top fib line. I have drawn 3 (projected) lines where I think the price would go. We're hoping the price would bounce back to $193 or down to the .236 fib to keep that lower trend moving upward.
I don't expect to see significant pull back but don't be surprised if you see bounce around some trend lines
I'm (extremely) long on this one! So keep your Ether safe, secure, and ride the rollercoaster with me :)