Ethereum is showing retracement signs to trends that occurred in the winter of 2017-2018.
Price Action on a consistent uptrend above the 50/100/200 day Moving averages.
A large single day wick pull back bouncing off the 50 day MA is inevitable. => Buy oppurtunity.
If history repeats itself the price will correct intraday an continue to rise to ATH - predicted to be a 200% gain from the 50 day MA bounce.
From there it is bearish and irrational sell offs will begin presenting more dip buy opportunities.
See chart for price levels.
*Exact kick off to this pattern is unknown but will likely occur in the next few days.