SUMMARY
Since the last update for Ethereum (ETH), price has been scraping the bellyside of the upper blue trend line. The two rounds of zigzag labels still remain same and the final five waves of the blue (c) wave of 2 has been updated to reflect passage of time. This count still remains primary and so a lower low would complete white wave 2. Also, the retrace would measure about 0.88 Fibonacci which is quite common for Altcoins. Nevermind 0.618; but the sqare root of 0.78 which is 0.88 seems to be the most common Fib zone. This is the case when extended 5ths are prevalent as it is in the Cryptosphere. I've given detailed explanation of how extended 5ths relate to deep retracements in previous posts.
The top alternate would be that the whole correction could count as a WXYXZ (red). Still, the micro and subwave counts fit well into this as well. It is very likely for Ethereum to follow Bitcoin's lead.
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