This correction is only temporary, and we need to take a look at the big picture to see how high Ethereum can rise to. We should not panic on these corrections as this will only look like a dip once the price starts impulsing. We have not yet completed the fifth and final wave. Due to the nature of cryptocurrencies, the fifth wave often exceed our targets.
Conservative Target: $1600
Expected Target: $1900
Aggressive Target: $2000+
Time: Up to 5 months
We have to see if Ethereum can break the symmetrical triangle on the ETH/BTC pair. If it breaks down, and Bitcoin continues to tank, we could see another low on Ethereum.