ETHUSD Technical Analysis: The Flat Correction OutlookEthereumCRYPTO:ETHUSDMehdi_Abbasi_EWPDate: June 24, 2026 1. Current Structural Overview Based on recent chart data, ETHUSD is currently navigating the final stages of a Regular Flat corrective pattern. The price action is presently within wave ‘c’ of a bearish 5-wave impulsive structure, which aims to complete the higher-degree wave (II) on the macro timeframe. 2. Price Targets and Scenarios Primary Scenario (Regular Flat): The current bearish momentum is projected to find support near the $865 level (aligning with the parity of wave 3). The completion of this pattern would signal the end of wave (II) and potentially initiate a sideways, ranging structure. Alternative Scenario (Deep Correction Risk): Should the Regular Flat fail to hold structurally, the pattern may transition into a Zigzag (5-3-5) structure. In this event, we should anticipate a deeper decline toward more aggressive bearish targets. 3. Key Drivers and Market Variables Bitcoin Correlation: The validity of this outlook is heavily contingent upon Bitcoin’s price action. If Bitcoin undergoes a major corrective phase, the likelihood of a deeper ETH correction (the Zigzag scenario) increases significantly. Trading Stance: At this juncture, a “Wait and Confirm” approach is advised. The subsequent market direction—whether it settles into a range or continues its downward trajectory—will depend on how the market reacts upon the completion of the current pattern. Mr. Nobody 🎧📊 “Patterns are whispering—and I’m listening.”