Ethereum (ETH): $588 Hit; Next Target is $727

SUMMARY

Here is the chart of Ethereum (ETH) with the original markings and labels from a prior post. The $588 has been hit and well exceeded. The rounded price formation also was tracked pretty well. As result, the breakout seems very decisive. So, what's next?

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When adding the higher degree of trend Elliott Waves, the next target for ETH is $727. This would be the target for wave 5. The subwaves of wave 3 seem complete and wave 4 is now in progress. I don't believe wave 4 will retrace more than 0.38 of the prior rise of wave 3.
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