Ethereum is almost ready for its next corrective wave. We expect prices to reach the area between $400 - $450 before another sharp decline occurs. We defined a potential turnaround zone in which we consider a short entry. Under no circumstances should the bulls break above the $450. Otherwise, Ethereum would most likely rise above $500. After completing wave 2 in blue, we expect prices to reach the area of previous all-time highs.
What are your expectations? Do you see a direct break out above $480?
