$ETH shows a slight upward trend in the 5-minute chart, with formations suggesting an ABC-type correction according to Elliott waves. It is currently completing subwave (4), heading towards a possible subwave (5), with projected support between $1,230 and $1,250. On a charting level, it presents key resistance at $2,503, coinciding with the 50% Fibonacci retracement. A breakout above could take it to $2,881. If a reversal pattern appears at the support, such as a hammer or divergence, it could signal a solid bounce and a change in trend in the short term.