ETH was in a few months consolidation. Wales have already bought big amount of the coin. Technology of ETH is developing good enough. So we are ready for the next jump till 600 per coin.
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We didn't see correction from 390 because the price reached this level slowly. We successfully moved higher then 400. I mention next target after 390 as 600 but we will have a middle target of 510. When we mount to 510 we will see a correction with the potential targets of 430 and 371 (it will depend from BTCUSD movements).