Because of the short live and history of ETH we don't know what kind of wave was this correction. Despite of that I would bet that is a 4th wave because of the fast bullish wave that was just before. This means that a 5th wave will be in progress right now. Price must break 23.85 and a sell spot on 32.74 I would prefer to buy closer to 10 usd hope it is posible in the next days. Stoploss at 9.1
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Despite of all unstable events happened with ETH and DAO the hard fork seems to bring trust and reliability to this asset at the moment. bullish targets will be around 14.4USD or 15.4USD