Rebuy Ethereum within 672.11-557.95 | 08 March 2018

Wave Analysis:

Ethereum is gradual loosing ground against the United States Dollar, despite the previous anticipation that it could rise. We expect further bearish momentum but should not go beyond the supportive zone set at 671.11-557.95. As long as this zone protects the lower side, we still expect the impulsive wave (5) to continue upwards towards the daily resistance seen at 1390.01, and may break above towards 1500.00. However, if the price should successfully close below 671.11, then we'll be waiting for a second break below 557.95 to confirm a possible bearish rally towards 242.47 or even lower.

Trade Recommendations:

Rebuy Ethereum within 672.11-557.95 with your target at 1390.01

The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.