As you can see Ethereum just retraced back to the magical number of 68% and has completed it's wave 2. Now is the time to enter to ride on wave 3. Note, that BTC may pressure Ethereum and this may take a while and wave 2 can further retrace up to 78% but sooner or later a breakout is on it's way.
Monthly TA is not looking very healthy, where Elliot Wave 4 formation is on it's way.It is likely to retrace back up to 24.53 at 0.618 fib level. RSI supports dipping as it has been overbought.
Put stop loss limit at 32.44; at previous support or sell and buy at dip at 24.53 - 25.66.
As per Daily TA, RSI has been oversold and it may rebounce back depending on ...