ETHUSD Bound to retrace soon. Not hopefully a major correction. Regardless if this is forming a bigger wave 2. A strong momentum and bull market for cryptocurrencies likely can just retrace at 23.6 fibonacci level where the red 50ma is. So once 20ma breaks it's very likely the correction will start soon and will end quickly at 23.6 level hovering around 50ma. Can reach till December but who knows. Let's just follow price.
