SUMMARY
Ethereum (ETH) is trending and patterning for a lower low into this correction. The ABC correction outlines the broader strokes of the terminal end of this retracement. The current red C wave is positioned at the 0.78 Fibonacci zone.
The lone term lower, blue support line thus far stands unbreached. Filling in the subwaves shows that the whole ABC can be categorized as a Flat correction. The final five waves of the C wave show an incomplete series of five (white). The projected target for white wave 5 of red C is at around $421 which pretty much resides on the support line which must hold against any decisive breaches.
Closeup shows the final white wave 5 of red C is in probress as shown by the blue subwaves. The confluence of the Apex of yellow wedge triangle, long term support line and the blue wave 5 target has the 0.781 Fibonacci as the target.
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