Running Flat Correction Before a Historic Expansion? Ethereum! Ethereum / USDBINANCE:ETHUSDMehdi_Abbasi_EWP# Ethereum Daily Chart: Running Flat Correction Before a Historic Expansion? | Elliott Wave Analysis The current Ethereum structure continues to support the view that the market remains within a larger degree **wave (II)** correction. According to the present Elliott Wave count, this corrective phase may ultimately serve as the foundation for one of the most significant bullish expansions in Ethereum's history. The primary scenario suggests that Ethereum is developing a **Running Flat correction**, a relatively uncommon but highly important Elliott Wave pattern. Running Flats often appear in exceptionally strong markets, where corrective pressure fails to fully retrace the previous trend, effectively storing momentum for the next impulsive advance. If the current wave count remains valid, the completion of this larger degree **wave (II)** could initiate a new impulsive cycle capable of driving Ethereum toward substantially higher valuations. The first major objective within this bullish scenario would be the region around **$4,370**, representing only the initial stage of a potentially much larger long-term expansion. However, an alternative and more aggressive corrective scenario must also be considered. Under this interpretation, the current market structure may continue developing through additional corrective formations, potentially advancing toward the territory of the previous fourth wave before initiating another decline. Such a development could ultimately complete a larger **Regular Flat correction**, with downside targets extending toward the **$1,305** or even **$907** regions. At the present time, the evidence continues to support the conclusion that Ethereum remains within a broad sideways corrective environment. Whether this correction ultimately resolves as a **Running Flat**, a **Regular Flat**, or evolves into a more complex corrective combination remains the central question. What is particularly important is that the current structure continues to respect Elliott Wave rules and guidelines. Until proven otherwise, the existing wave count remains technically valid. Sometimes the strongest bull markets are born from the longest corrections. The market is not revealing weakness. It may simply be preparing for its next expansion. – Patterns whisper. I listen. – Mr. Nobody 🎧📊