It’s a bit like sipping tea. You take the cup to your lips to check the temperature only to decide “No, not yet”, because the brew is still too hot and you must let it cool down a bit longer. (And then, you promptly forget that you have even made tea in the first place.)
Similarly, Ethereum has taken a sip of the orange zone between $2402 and $1861 but decided to not explore it further yet. Instead, it has come back to about $2700 again to finish wave 4 in green. As long as Ethereum stays below the resistance at $2837, we expect it to move back into the orange zone and complete wave 5 in green as well as wave v in orange, wave c in blue and wave ii in magenta at its bottom. After this accomplishment, Ethereum should rush upwards until the resistance at $3412, breaking the one at $2837 in the process. From there, it should have enough drive to head for the next aim at $4865 and further still.
Similarly, Ethereum has taken a sip of the orange zone between $2402 and $1861 but decided to not explore it further yet. Instead, it has come back to about $2700 again to finish wave 4 in green. As long as Ethereum stays below the resistance at $2837, we expect it to move back into the orange zone and complete wave 5 in green as well as wave v in orange, wave c in blue and wave ii in magenta at its bottom. After this accomplishment, Ethereum should rush upwards until the resistance at $3412, breaking the one at $2837 in the process. From there, it should have enough drive to head for the next aim at $4865 and further still.
