SUMMARY
Thus far, price seems to be adhereing to the ABC correction as shown in the below chart for Ethereum (ETH). A minor correction is in progress. While there are multiple ways of counting the correction (34 possibilities); it won't be too difficult to zone in on the terminal end of the correction. IF this ABC scenario is correct, then the final C wave is likely to decline in a five wave fashion.
However, I believe the abcde symmetrical triangle option provides the better mode for ETH to take a bit more time in completing the correction. IF this scenario transpires, then a phenomenal upsurge in price can be expected as shown by the blue impulse waves and white arrow. Still, whether the correction is ABC or abcde mode; the destination won't be too different. Both pathways are expected to generate much higher highs.
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