ETHUSD is obviously :

retracing its impulsive movement

finding a level of acceptance.

Blockchain traders can cheer at the bull acceptance @ 0.618 fib level and be optimistic for a new high.

However, it would pay the CFD traders to patiently wait for :

Observable buying structures

Test of 1200,1050 or 900 USD support level.

#deadbonewillriseagain.

The pair dip didn’t come as a surprise.

If you’ve been following this pair update here, you will understand the situation better.

At this moment, buyers are able to secure a visible and feasible trading structure for the next level.

A trendline break can of course help the coin price shoot higher.

Gains are expected to be taken at 1700 - 1750 USD.

Since the third swing points are not always reliable, a spike can push the coin price to approx. 1900 USD.

**Sentiment: Bullish **

Decision rule: Buy now or wait for a trendline break. If you must give up on unexpected drawbacks, let it be around 1428 USD