$ETH
We are at the end of wave five or at the beginning of the A wave correction from ABC.
The next wave forecast (on a 1-hour frame):
1. Wave 5 ended at approximately 2,245.
• This wave represents the peak of the impulse movement.
• The price is currently at 2,232, which indicates the beginning of a correction.
2. A corrective wave (A-B-C) is expected:
• Wave A: Descending towards 2,190–2,170 (support area close to EMA20 and EMA50).
• Wave B: Retracement towards 2,220–2,230.
• Wave C: A second drop that may extend to 2,100–2,070.
Conditions for this scenario to remain valid:
• Not breaking 2,245 (the peak of wave 5) before the drop.
• Maintaining the classic corrective structure (ABC).