Wave Analysis

During the previous trading, Ethereum pulled back to the lower side but still above the supportive zone 671.11-557.95, as long as this support is not violated to the lower side, we're patiently waiting for a clear sign that the corrective wave *(4) has ended for us to buy the next impulsive wave (5) with the first target at 1234.35 and the next at 1390.01. As long as we're above 671.11-557.95, we are only interested in long positions, however, should the price break below 557.95, then we'll be looking for short positions with an ultimate target at 242.47.

Trade Recommendations:

Buy Ethereum within 671.11-557.95 with your take profit at 1390.01