ETH has already basically done its dip. Now we will likely have at least a few months of relatively stable corrective motion that is not able to push much if any lower than we have already seen. At times like this, it's great to zoom out and look at the daily or even weekly chart. This correction likely isn't going to be nearly as long or as deep as the last one way back in February around this time because we tend to have one flat and one sharp and this one is obviously the sharp correction.
Hopefully, we will see this weekly candle close above the top of wave 1, in which case this idea gains an even higher probability of playing out.
Hopefully, we will see this weekly candle close above the top of wave 1, in which case this idea gains an even higher probability of playing out.