Wave Analysis:

During the previous trading day, Ethereum made very insignificant move to the lowerside and is still just a few point s above the day support seen at 557.95, as long as this support remains intact, we're still within our buyers territory, this means we'll only be looking for long positions. The anticipated bullish price rally will be the continuation of the impulsive wave (5) to the upperside and should break above 1390.01 towards 1500.00 or even higher. This view can only be invalidated in case the price breaks below 557.95. This being the case, we'll be expecting a drastic drop towards 242.47.

Trade Recommendations.

on the sidelines, but waiting for a buy position