Ethereum | Wave 4 or the Start of a Larger Correction?Ethereum/USDCAPITALCOM:ETHUSDMehdi_Abbasi_EWPEthereum | Two Scenarios at a Critical Decision Point On the 4-hour chart, Ethereum has developed an impulsive-looking bullish move from the recent low, with smaller-degree structures unfolding progressively within it. Now the market is at a point where we need to determine whether this move is truly developing into a five-wave Impulse, or whether it is part of a larger corrective structure. 🟢 Bullish Scenario In this scenario, we consider the recent move part of an Impulse. Wave 3 is approaching completion, and the market could now enter Wave 4. What we need to see is a clear, structured correction. If that correction completes, the market should then develop another bullish move as Wave 5. The expected path is simple: Wave 3 → Wave 4 Correction → Wave 5 If the current correction maintains its corrective character and is followed by a new impulsive bullish move, the Bullish Case will gain strength. ⚫ Bearish / Corrective Scenario In the second scenario, this bullish move could actually be part of a larger corrective structure. In that case, after the current move completes, the market should develop a structural decline that could become the beginning of a Simple Zigzag or another larger corrective pattern. So, a decline in price alone is not enough. What matters is the character and structure of the decline. That will tell us whether we are dealing with a normal correction or the beginning of a larger bearish structure. So, Where Are We Now? Right now, the most important part of the analysis is the next correction. If the market corrects, preserves the structure, and then develops another impulsive bullish move, the Bullish Case remains the stronger scenario. But if the correction develops into a powerful and clearly structured decline, we should take the possibility of a larger corrective structure more seriously. For now, the market needs to show us its next structure. We don't need to predict the future—we need to read the structure. Price is the result. Structure is the cause. — Mr. Nobody | Elliott Wave Principle Ethereum 2 days ago Ethereum: Bullish Impulse or Larger Correction? Ethereum Jul 12 Is Wave C Complete, or Is the Correction Still Unfolding?