- looks like ETH completed its correction in form of a Zig Zag (5-3-5 wave structure)
- primary correction wave C bounced and probably found its bottom at the 0.618 extension of Wave A, which confirms a valid Zig Zag.
- also i marked the cyan colored triangle in the intermediate wave 4, which is typical and often seen in the fourth wave according to Elliott...
- short term: Not Sure if wave D is already finished, can have a bit more upward movement to resttest previous high (analogy to BTC, but looks weak to me)
- After wave D is finished, downward movement ahead
- probably will find support at 0.88 fib
- mid-long term: If wave E bounces, Falling Wedge Pattern has a possibility to outbreak bullishly upwards.
