As you can see in wave (c) of (B) form elongated which means when the cycle is finish
it has to pull back at least 61.8% of wave (c) (around 547 of half of the current price)
Warning this is just one case of the analysis possibility - Make a research on your own
and don't forget to look at my second case analysis which is in upward prediction.
Be care full!
Vatalix Buterin's fan
In my view, I think Eth is in a long position right now.
But for the bearish term, it is still possible. If the price does not break the high resistance because the ceiling price is exactly 123.6% - 1438.0 retracements of wave A
That means we might be in correction irregular flat which will affect the wave C to come downward exceed the former low - 961.77.
What if it keeps moving up it could be that wave C of the big cycles is not finish so the next targets are going to be 261.8% - 1490.84 or 423.6% - 2026.61
Because Ethereum just launch new smart contact, and the 2.0 staking program is coming. I think this fundamental aspect can help you manage your trade.