Wave Analysis:

During the previous trading day, we saw a possible correction of the impulsive wave (5) to the lower side but still above the support zone 672.11-557.95. We expect this downward rally to be a corrective phase of the original corrective wave (4) and should not break below the just mentioned supportive zone. Ideally, we're waiting for a rebound from it, to buy the impulsive wave (5) with an ultimate target at 1390.01. If this should be broken, then we expect further bearish momentum with the first target at 449.45 and the next at 242.47.

Trade Recommendations:

Buy Ethereum within 672.11-557.95 with your take profit at 1390.01