Ethereum | Running Flat or a Larger Corrective Extension? for CME:ETH1! by Mehdi_Abbasi_EWP
Our current structural analysis suggests that Ethereum has reached one of the most critical stages of its correction. In the conservative scenario, the ongoing correction may complete as a Running Flat. If confirmed, this would likely mark the end of the corrective phase and open the door for a five-wave impulsive advance, signaling the beginning of the next bullish cycle. However, until the bullish structure is fully confirmed, the aggressive scenario remains equally valid. From this …
Our current structural analysis suggests that Ethereum has reached one of the most critical stages of its correction. In the conservative scenario, the ongoing correction may complete as a Running Flat. If confirmed, this would likely mark the end of the corrective phase and open the door for a five-wave impulsive advance, signaling the beginning of the next bullish cycle. However, until the bullish structure is fully confirmed, the aggressive scenario remains equally valid. From this perspective, the correction may still extend, allowing Wave Y to evolve into either a Regular Flat or an Expanded Flat. For that reason, declaring the correction complete at this stage would be premature. At the moment, the most important factor is the quality of the upcoming advance. Will the market develop a clear five-wave impulse, confirming that the correction has ended, or will the current rally become part of a larger corrective structure?As always, this analysis is not a prediction of the future. It is my structural interpretation of the market based on the rules, guidelines, and relationships of the Elliott Wave Principle. As new waves unfold, the market—not the analyst—will determine which scenario remains valid. 📌 If the logic behind this scenario is not entirely clear, I encourage you to review the previous analyses attached to this idea. They are part of the same research path and provide the broader structural context behind the current wave count. Price is the result. Structure is the cause. — Mr. Nobody | Elliott Wave PrincipleEthereumJul 12Is Wave C Complete, or Is the Correction Still Unfolding?DisclaimerThe information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in theTerms of Use.