Ethereum | Impulse or a Larger Correction?Ethereum vs US DollarPEPPERSTONE:ETHUSDMehdi_Abbasi_EWPThe daily ETH/USD structure is now at a critical decision point. Previous analyses suggested that the correction would gain greater credibility as complete only if the market subsequently revealed a clear impulsive character. 🟢 Bullish Case From the bullish perspective, the current structure could mark the completion of a Running Flat, with the market now at the beginning of a new directional move. However, price growth alone is not enough to confirm this idea. The upward move should develop as a five-wave impulse, or at lower degrees, begin forming nested 1–2 structures. Such behavior would suggest that the market is building the foundation for a larger third wave. Along this path, we would expect advances to display an impulsive character, while corrections remain more limited and clearly corrective relative to the upward moves. ⚫ Bearish / Corrective Case On the other hand, if the upward movement fails to develop an impulsive character and advances continue to unfold in three waves, the larger corrective structure may still be developing. In that case, the market could continue forming one or more corrective structures such as a Zigzag, Flat, or Double Three. Therefore, the declines must also be evaluated structurally to determine whether the market is simply extending the correction or gradually transitioning into a larger bearish phase. Where Are We Now? We are now at a point where the market needs to reveal the character of its next move: A five-wave advance or nested impulsive 1–2 structures → strengthens the Bullish Case. Three-wave corrective advances combined with continued bearish structure → strengthens the Bearish / Corrective Case. The weekly chart provides the roadmap for the larger structure, but the daily chart will show which path the market is actually choosing. 📌 If the full logic behind these scenarios is not yet clear, take a look at the previous analyses attached to this idea. This analysis is a continuation of that same structural path. yesterday Ethereum: Bullish Impulse or Larger Correction? Price is the result. Structure is the cause. — Mr. Nobody | Elliott Wave Principle Ethereum Jul 12 Is Wave C Complete, or Is the Correction Still Unfolding?