But it needs to retrace bit to that bulls can jump back on board.
$700 retest with a confident bounce should put us back on the uptrend train.
This is critical zone for ETH.
Holding the wave-4 parameters (bouncing from above wave 1) would give bulls confidence.
If it falls much below 700, then bears will be eyeing 600 as the extended wave C which currently seems to far away with too much support in between.
Nothing big, as I am prepared to buy all way down to 500.
But 700 might hold for a bit of a bounce
But EU and UK will probably sell it first, to find support.
Otherwise, the deeper C wave looks possible.
Next resistance zone on chart.
They will be tough, probably will need reload first.