Ethereum is completing the final wave of an ABC correction. In fact, it's on the 5th subwave of wave C. It is only a matter of time before Ethereum starts impulsing. In addition, we see bullish divergence on the RSI, and the volume picking up. These are good signs that the sellers are exhausted, and there is a lot of interest in the coin.
This correction is only temporary, and we need to take a look at the big picture to see how high Ethereum can rise to. We should not panic on these corrections as they will only look like a dip once the price starts impulsing. We have not yet completed the fifth and final wave. Due to the bullish nature of cryptocurrencies, the fifth wave often exceed our targets.
Entry: $600-$750
Stop: $400
Conservative Target: $1600
Expected Target: $1900
Aggressive Target: $2000+
Time: Up to 5 months
