There will be a test of the 50 EMA in the area of 591 should it pass there, ETH will face strong resistance at 702, I would be very cautious there for sure. It all depends on the Bitcoin market as well. If BTC collapses for any reason the deal is off. Be sure to set a stop loss, I would guess about $550 if it were me.
RE: Bitcoin - Bull run or Bear Trap?