Wave Analysis

During the previous trading day, Ethereum barely moved an inch to the upperside and is now heading to the lowerside. We expect the rebound from 309.45 to have marked an end to the corrective wave (iv) that the current bearish price rally is the continuation of the impulsive wave (v) and should continue to the lowerside with an ultimate target at 193.85. This view can only be invalidated in case the price breaks above 309.45, if this is the case, then we'll wait for a pullback to the same level to pick a long term long position towards the upper trendline.

Trade Recommendations:

we're short towards 193.85.

101% Double the volume