With the new wave of ETH media attention and BTC fear, uncertainty and doubt, I'm expecting us to test 3700 ATH , either within the next 10 days (May 28th = DAO launch date) or before the BTC halvening. Two scenarios:
a) Sideway correction on the 3000-3400 range then retest of ATH . If ATH is surpassed, next target is 0.5. b) Acute correction with 2600 as max pain, with possible targets at 2900 and 2800, followed by long period of consolidation of the 3300-2600 range and eventually retest of ATH.
For those who like Elliot, seems like we are about to enter in a kind of wave 4.
Please don't use this chart as financial advice, I'm just an amateur trader.
For now, it's still correcting sideways in the 3060-3300 range. This is a very "choppy" range, characteristic of a corrective wave. If it loses 3000, pullback to 2950-2800-2600 is possible for more acute correction.