Ethereum is an open-source blockchain-based and decentralized platform featuring smart contract functionality. ETHUSD is the value token of the Ethereum blockchain against US Dollar.
Up from 09/15/2017 low $197 , Ethereum has resumed the uptrend looking to making new all time highs toward $429 – $426.
Currently, Ethereum did 5 waves as a diagonal in wave 1 and then it started 3 waves pullback in wave 2 which can reach equal legs area $312 – $305 before rallying again.
If the pivot at 10/23 low $273. fails, then it could do the double three correction in wave (2) against $197 low before the digital currency manage to rally again.
ETHUSD 4H Chart 11.17.2017