ETHUSDT: Wave C Projected Into Monthly Support at 1,792ETHUSDT Perpetual ContractBYBIT:ETHUSDT.PTheChartWhisperrGate one, the 4H count shows a clean five-wave impulse from the late-June low, Wave 1 through Wave 5 topping near 2,000, textbook proportions with Wave 3 the extended leg and Wave 4 correcting without overlapping Wave 1's territory. Gate two, the correction since Wave 5 has traced an ABC. Wave A dropped sharply to 1,840, Wave B bounced to 1,955, and Wave C is currently extending toward the projected target at Monthly Support, 1,792.71. That level isn't arbitrary, it's the same structural floor that's shown up as a reference point across other ETH setups this month. Gate three isn't confirmed yet. This is a projection of where Wave C completes, not a confirmed reversal. If price reaches Monthly Support and holds it, that would set up the next impulse leg the projection shows extending toward 2,280. If it breaks through instead, the correction isn't finished and the five-wave count needs reassessing. Under Continuation Acceleration Protocol, an ABC correction into a known structural level is treated the same way a sweep into an OB is treated elsewhere on this feed: the level gives the zone meaning, but the market still has to prove it by holding there rather than breaking through. Price is currently at 1,862.61, still above the projected Wave C target, meaning this correction has room left to run before the setup is actually tested. What invalidates the bullish continuation: a close below Monthly Support with real conviction, breaking the level the whole projection depends on. What confirms it: Wave C completing at or near 1,792.71 followed by a clear reversal higher. Seneca wrote that luck is what happens when preparation meets opportunity. The five-wave count is the preparation. Monthly Support holding is what would turn it into the next leg.