If Bitcoin can adjust at the current position, Ethereum may directly start to rise. However, the ideal pace is still for Ethereum to consolidate for a period of time.
If Ethereum cannot return to the original channel, it may further dive to find support.
Regarding Bitcoin, if the price breaks below the starting price of the first wave, the chance of a rebound will become a signal to short—corresponding to a failed five-wave structure, which also means that the current adjustment has not yet ended.
Next, it is still necessary to pay close attention to the performance in the 97777-88888 range.
