After finding resistance at the .236 Retracement, it appears that Ethereum will follow through down to the .382 Retracement at $418-$419 in confluence with 1.27 Extension of the current ABC. Following this, I expect ETH to proceed higher to $448, if it prints a truncated 5th, or to the $460 region in order to complete the 5th wave. This could potentially present a scalp long entry at $419 if you have not entered already. However, there is fairly heavy bearish divergence on the Daily TF, therefore $448-$460 should present a great short entry as we can anticipate a more significant correction following the completion of the local structure.
