Ethereum: Bullish Impulse or Larger Correction?Ethereum / U.S. dollarBITSTAMP:ETHUSDMehdi_Abbasi_EWPThe weekly ETH/USD structure suggests that Ethereum is approaching a critical decision point within a larger-degree structure ā where the completion of the correction and the beginning of a new impulsive cycle remain in competition with the possibility of further corrective or bearish development. š¢ Bullish Case In the bullish scenario, the larger structure may indicate that the higher-degree correction has completed as a Regular Flat. If so, the next move should gradually reveal the characteristics of a valid five-wave impulsive structure. Confirmation from the lower degrees will be essential. Only the development of a valid impulsive sequence can meaningfully strengthen the bullish interpretation. If confirmed, the larger structure could support the development of the next bullish wave, opening the path toward the projected targets and extensions shown on the chart. ā« Bearish / Corrective Case On the other hand, until the bullish structure proves its impulsive character, the possibility that the correction is still developing cannot be ruled out. In this case, ETH may continue developing one of the corrective structures permitted by the Elliott Wave Principle, including a Zigzag, Flat, Triangle, or more complex combinations such as a Double Three or Triple Three. Depending on how the structure develops and how the waves relate to one another, this path could represent either a continuation of the larger correction or gradually reveal the characteristics of a bearish trend. Ultimately, the key question is not simply where price is expected to go, but what structural character the market develops next. Will ETH form a valid five-wave impulsive sequence and strengthen the Bullish Case, or will future price action remain primarily three-wave and corrective, keeping the Bearish / Corrective Case valid? According to the Elliott Wave Principle, the answer will emerge through the development of the next structures. š If the larger structural logic or its connection to the previous counts is not immediately clear, I recommend reviewing the earlier analyses attached to this idea. This analysis continues the same structural roadmap across multiple timeframes. Price is the result. Structure is the cause. ā Mr. Nobody | Elliott Wave Principle Ethereum May 25 ETHUSD: Into the Eye of the Storm ā Decoding the Final āCā Wave