Wave Analysis:

Since the beginning of this week, Ethereum has not made any noticeable move to the upper side, instead, yesterday, Ethereum shaded off nearly 10% the value it has gained this week. We expect this loss of value to be a mere correction, but as long as the price remains above 440.96, we expect a possible bearish price rally towards 1368.90. The anticipated bullish price rally is the continuation of the impulsive wave (5) to the upper side and should break above 1368.90 towards 1500.00. This view can only be invalidated in case the price break below 440.96, this being the case, we'll be expecting a decline towards 76.80.

Trade Recommendations:

Rebuy Ethereum around 440.96.