I confess that I don't feel very comfortable seeing the ETH at this area (again) but for now I will not change my count. For now the bears must put the price below the 410. On other way, if the bulls made another higher high may put an impulsive wave since the 387.
In this wave iv I expected ETH could reach higher prices, however seems that will be made distribution over time and not in price (in the last chart I told the possibility of a triangle). Currently it's possible wave iv already finished but I would not be surprised if ETH returned to 410-415. Despite all, it's likely that ETH will do very sonn new lows.
Finally wave iv of A seems began. Wave iii didn't finished as I expected but usually is difficult catch the bottom. As I said before, I expect one or two weeks for the bulls (don't forget ETH may do a triangle so sideways also can be done) and then I will expect the downtrend return.
P.S. For BTC I count this upside as wave b of v of...
At short time I easly can see a new low (maybe double bottom) and the 78xx's will be the key for the bulls. At medium term I also can see 3 diferent options. it would be interesting to have your feedback on which options are most in agreement.
At my mini waves count I can see a possible (nice) rebound very soon. However I still expect new lows to finished this wave iii.
This wave v of iii has already extended enough so I do not expect new extensions in v of v of iii.
Rebound could go to the 5xx's and maybe bulls will have one or two weeks to play. After that I expect again new lows to finish this...
With this new impulsive wave to the downside I must change a litle my primary count and turn it more berish in price an time. Expect some support in the 380's-400's. Let's see how will play my changes.
Since the triangle break I see only an ABC formation, so it's possible ETH finished the first leg of an ending diagonal in this wave 5 of A. At this point, seems a good point to enter long, at short term.