Wave Analysis:

Since February 26th 2017, Ethereum spiked higher and reached the highest high of all times, 1414.77, This spike was followed by a crash to the lower side earlier this year. So far, Ethereum has lost almost almost 75% the value it gained in the year 2017. We expect further crash to the lower side especially while the price has not reached the bottom set at 22.07. From a technical point of view, this Crypto has formed a perfect inverted V, and we expect the price to drop up to the origin of the first leg of this inverted V formation, 22.07.

Trade Recommendation:

Remain short with an ultimate target at 22.07