It appears that ETH has completed five waves and is now in the A wave of an ABC correction that could take it down quite a bit depending on the level of correction. Of course, it is not a trading suggestion.
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ETH has completed ABC correction but only at 38% retracement level of 660 rather than 62% retracement level of 620. It is probably the strongest of all the altcoins as most other coins have reached 62% level. ETH could move up from here if it is successful in holding this level or could go down further if it drops and hold below the 660 level. The next stop would be 600 or 620.
If ETH is successful in protecting this level, then it is expected to reach a level of $1000 by August this year.
If ETH is successful in protecting this level, then it is expected to reach a level of $1000 by August this year.
