To support this bull scenario we can clearly see that in the past ETH/USD shows strong support at the 0.5 fib in fact it hasn't touched it yet. If we get a higher low on the I believe that this scenario could be the correct one and if it is I will be very on ETH long term. My bear scenario as stated, if BTC/USD hasn't found its bottom yet, I believe we can expect this support on the 0.5 fib to breakdown leading down to where you see on the chart which I think is a good bottom for ETH/USD. I do believe BTC/USD hasn't found its bottom yet which is why the bear scenario is my primary count and the one you see in the chart. Even if ETH/USD finds my bear target it has still held the most resilient in this bear market
Let me know what you guys think, there are endless ways to count correction waves, interested to see other ones. Regardless I think we will find strong support in ETH/USD sooner rather than later.
*This is not financial advice and is for educational purposes only.*