Wave Analysis

During the previous trading day, Ethereum rallied intensely to the upper side and even went above 467.09. Even worth noting is that the price went above the contracting wedge formation. As long as the price remains above the both the now supportive trend line and above 467.19, we expect a rally to the upper side. The anticipated bullish price rally is the unfolding of a corrective three wave cycle and should break above the corrective wave (iv). If this is the case, then we'll expect further momentum towards 745.05.

Trade Recommendation.

Buy Ethereum towards 548.70

101% Double the volume