Wave Analysis

So much indecision in this market. Even after a slight recovery to the upper side, Ethereum has lost almost 100% the value it gained this week. This downward rally is mere continuation of the corrective wave (4) and should not go beyond the weekly support level 448.96, where we'll be looking to buy the next impulsive wave (5) towards 1368.90 or even higher. This pair will only be invalidated in case the price clearly break below 448.96, if this is the case, then I expect a drop towards 374.50 which is also a potential buy place.

Trade Recommendation:

Rebuy Ethereum at 446.96 towards 1368.98