ETH/USD - Aiming at $500 Target

The price of Ethereum has been moving in a five-wave manner from the 2nd of August which could have been an ABCDE correction like it was from the 27th of July which was a lower degree 4th wave and like it was from the 2nd of June which was the higher degree 4th wave and the 1 significant fractal.

Projecting on the price movement from those ranges we could expect an impulsive breakout but as the price is already interacting with is highly significant resistance at around $400, the next significant one would at the upper level of the resistance zone which is at $500.