Wave Analysis

Instead of rallying to the upperside, Ethereum pulled back to the lowerside and is now showing signs of breaking below a 4 hour support level 460.35. This is a key level and as long as it protects the lowerside, we expect a possible rebound from it to pick a low risk long position towards 627.35. The anticipated bullish price rally is the unfolding of another impulsive wave count and should break beyond 627.35 but should not go beyond 623.15. This view can only be invalidated in case the price breaks below 411.20.

Trade Recommendations:

We're looking from a long position from 460.35

101% Double the volume