It could be a huge bearish triangle depending on the time-frame and exchange. ETH/BTC is a trading pair determined by two volatile currencies and relatively low volume ; take everything with a grain of salt.
Nice fakeout, Hopefully, BTC is at the top of a wave B correction.
Regardless, this is the most bearish scenario I can think of now; still a window to get out at 43 +
Trade closed: target reached:
ETH USD confirms possible bullish scenario, KRW waking up right before a possible ETHUSD subwave 3, can shoot.
Small hand, tight stop.
Trade closed manually:
Amazing, get ready for perhaps a small correction and then new highs with target 0.05