Rigth now we can see cristal clear the correction wave as price consolidation for the amazing bull market that ETHUSD has performed this year. We can asure that we has met a 3rd bullish wave and we are currently in a 4th in progress. The key point of this waves is try to avoid them and trade the beggining of the 5th wave. This waves are confusing, because of the undefined trend and complex development. For now is better watch it close expecting one of both scenarios. Bullish or bearish at mid timeframe and bullish at the long one.
Comment:
Still bullish for the long time frame. Correction in the short time frame has to happend. Not to close long but to increase your long position.