Rebuy Ethereum around 736.27 | 08 May 2018

Wave Analysis

Yesterday, Ethereum attempted a break below the 4 hour support level 736.27 but could not close below it. We're now above a key support level 735.27, and as long as the price remains above this level, we expect a possible rally to the upper side, if you're not already in a long position, you could wait for a slight pullback towards 735.27 to buy Ethereum towards 895.84.On the other side, should the price breaks below 735.27, then we may consider a short position towards 563.80 and the next target at 460.60.

Trade Recommendations:

Rebuy Ethereum around 736.27 towards 893.64