ETH Potential 5th Wave of Ending Diagonal ETH Perpetual Futures ContractBINANCE:ETHUSD.PTheGemHunterIt's possible that ETH could continue on up after correction. After a sharp retracement to the downside, ETH found support on a liquidity trend line and is showing evidence that it still has some gas in the tank. Previous Correction Our Previous ABC from November '25 - Jan '26 started with a leading diagonal and ended with an ending diagonal, with each diagonal consisting of 5 waves to mark a higher time frame ABC. A clue of the 5th wave of C was bearish divergence from the MACD and RSI indicator. Current Correction So far, we have not seen evidence of our 5th wave from RSI or MACD (bearish divergence). Of course, this doesn't mean it has to happen. But If my wave count is correct, we could experience a similar outcome like that of our previous correction. In a previous post, I anticipated a drop from our current area (which marks a potential wave C or 2 of lower degree). However, when considering stable coin dominance charts, the odds of continuation to the down side from here are slowly diminishing. So, there could be a bear trap cooking up here. Stable Coin Analysis PYUSD.D is struggling to reclaim support above a descending channel and remains impulsive to the downside. USDC.D is struggling to hold above Feb 5th Candle Close ( a significant area of resistance). USDT.D is printing what could be an ascending bear flag, as well as USDC.D ETH - 15 Min Chart Price action is finding support in 1:0618 window, which is quite a bullish correction so far. Also printing a potential bull flag similar to stable coin dominance charts, but opposite direction. A very tricky set up indeed, and it's one of those moments that keep you on both sides of the fence. But that is crypto; it rarely likes to make its next move obvious, and it's only obvious after it happens. Good Luck! -Not Financial Advice-