Wave Analysis

After a steep decline in the value of Ethereum, the price bounced off from the hourly support level 460.35 but is still pretty much bearish on the higher time frames. We expect the upperward rally seen recently to be a mere correction of the last impulsive wave (v) and should not go beyond the hourly resistance level 502.54, where we'll be looking to resell the impulsive wave (v). If you're not already in a short position, you could wait for further corrections to the upperside, or a break below 460.35 to pick a low risk sell position.

Trade Recommendations:

Sell ethereum below 460.35 towards 352.0

101% Double the volume