Ethereum | Is the Major Correction Ending, or?Ethereum / US DollarCOINBASE:ETHUSDMehdi_Abbasi_EWPEthereum | Is the Major Correction Ending, or Is a More Complex Structure Still Unfolding? Ethereum's long-term structure suggests that the market remains at one of the most critical stages of its higher-degree Wave (IV) correction. The primary question is not whether price will move higher or lower next, but whether this corrective phase is approaching completion or if the market still has another portion of its correction left to reveal. Conservative Scenario According to the rules and guidelines of the Elliott Wave Principle, Wave W appears to have completed as a simple Zigzag, followed by Wave X as a classic Zigzag. The market is currently developing Wave Y as a Flat Correction, with its structure presently aligning with a Regular Flat. However, until Wave C is fully completed, the possibility of the pattern evolving into an Expanded Flat remains valid. For this reason, the primary focus is on the development of a complete five-wave impulsive structure for Wave C. The behavior of this final leg will determine whether the correction concludes as a Regular Flat or extends into an Expanded Flat through a larger Wave C. Should Wave Y complete as expected, the higher-degree Wave (IV) would likely come to an end, opening the door for the beginning of Wave (V)—a motive wave that could develop into the next major impulsive advance if the broader structural relationships remain intact. However, if the correction is still incomplete after Wave Y finishes, the structure may continue evolving into a Triple Three (W-X-Y-X-Z). In that case, Wave Z is not restricted to a single corrective pattern. Under the Elliott Wave Principle, it may develop as a Zigzag, Flat, Triangle, or any other valid corrective combination, provided the structural, time, and price relationships between W, Y, and Z remain consistent with the characteristics of the completed pattern. Aggressive Scenario The aggressive interpretation offers a different structural perspective. In this scenario, Wave W is considered a completed simple Zigzag, while the rally into the previous high is labeled as Wave X. From this viewpoint, the market is now developing Wave Y. Rather than forming a simple corrective pattern, Wave Y may evolve into a larger Double Three combination. If this scenario proves correct, the correction remains incomplete, and confirmation of the end of Wave (IV) must wait until the entire internal structure of Wave Y has fully developed. This analysis is not a prediction of the future. It represents my structural interpretation of the market based on the rules, guidelines, and structural relationships of the Elliott Wave Principle. What you see here is the result of seven years of study, research, and practical experience dedicated to understanding wave structures and the language of the market. As new waves emerge, the market continuously provides fresh information that may refine or even reshape the structural interpretation. For that reason, Elliott Wave analysis is less about predicting the future and more about objectively interpreting what the market is revealing at each stage of its development. Price is the outcome; Structure is the cause. Patterns whisper. I listen. — Mr. Nobody | Elliott Wave Principle