SUMMARY
Ethereum (ETH) bounced but not in an impulse of five waves up. The bounce looks very abc three wave style. Therefore, it was a corrective, most likely. This adds a bit of confirmation for the case of a lower low.
Fine print subwaves (purple) show a potential five wave down to complet the pattern which would bring price very close to the apex.
Longer term chart shows the MACD where the yellow line outlines perhaps one last dip prior to a breakout. Meanwhile, the higher lows stand on the MACD and the positive divergence of lower low in price.
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