ETHUSD to reach 3950?

Updated
As can be seen from the chart, its forming an ascending triangle which is a bullish continuation pattern. If it breaks above the triangle the target is closer to 3950, else the target is 3020 if it turns out the other way round.

Let us wait and watch.
Note
Later on pattern got a bit changed to a rising wedge, with target of 3967 and it has almost exactly reached that target! It is awesome!
snapshot
Trade closed: target reached
Beyond Technical AnalysisCryptocurrencyethlongethtradeETHUSDETHUSDTTrend AnalysisTriangle

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