Good Afternoon fellow traders, once again we are taking a look at ETHUSD.
I am sure that many of you are uncertain, why Bitcoin had a massive pump and Ethereum did pretty much nothing. While the answer to this question is definitely not an easy one, i still can count the waves and make calculations about where we are heading.
For now i am expecting that we finished the A-B structure which formed itself since the top @490$. In the next days and weeks i am expecting a correction which will bring us down to at least 290$ very likely.
However if we should break above 450$ this bearmarket will be over and prices above 540$ won't be very unlikely.
Beware that i don't have any open long or short positions at the moment.