ETH/USD

Ethereum has printed a clear correction to the downside, printing an expanded B wave, invalidating an impulse. We are seeing a nice bounce here after printing bullish divergence on the 4 hour. Corrective targets will be $426-$435 while impulsive targets are $474-$480.


However, Ethereum's 4 hour momentum did break bearish - indicative of corrective/bearish price action. Until momentum can regain support on 45, it will likely remain in a downtrend.