Buyers waiting | 26 February 2018

Since the beginning of this year, Ethereum has faced a lot of sellers, and even recently, we saw a drop in price as ETH slide below 805.00. This is a bearish dominance signal, and while we're below 805.00, we expect further drop towards 672.00 or even lower to 557.95. Yesterday, Ethereum established a long term bearish trend and will likely continuing short. We choose to remain short and only rebuy the impulsive wave (5) to the upper side and should break above 1390.00 or even higher to 1500.00. However, if the price break below 557.95, then a confirmation will be required to indicate that the price will continue to drop even further with an ultimate target at 242.47. At the moment, we choose to remain flat, and only rebuy a rebound from 672.00-557.95 with the first target at 1390.00 and the next target at 1500.00.

Remain short