Welcome back to our thursday update!
Ethereum couldn't establish another high above 1679$, and therefore we still estimate, that ethereum already entered its wave (ii).
As of now it's too early to speculate on how this correction will take place, we will watch the market and update everyone if we think that a clear corrective movement appears.
On our chart we marked our bullish alternative, it's possible that ethereum could experience another push above 1679$ and establish another high in our orange zone.
To finish things up, since our last update on tuesday the market didn't give us further hints so we can only assume that wave (i) is already in place.
Long Ethereum (ETHUSD)
AVERAGE EXECUTION PRICE: 1’057.6$
LONGERM Target: +8’000$