Ethereum
Short

ETHUSD - Asleep while BTC skyrockets

284
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.

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