In her analysis, Lingrid noted that her primary price target for Ethereum is a potential move toward $2,300, which aligns with the upper internal trendline on her chart. She believes ETH’s momentum and setup are strong enough to push its price to that level in a relatively short period.
She concluded that the engineered sell-off designed to flush out retail positions and allow institutions to accumulate ETH at lower prices is now complete. With that phase out of the way, Lingrid believes the Ethereum price is finally preparing for a rapid push back toward $2,300.
Featured image from CFI, chart from TradingView
