With the double three correction complete, ETHUSD could be starting a motive wave.
There is a potential impulse wave 3 currently in progress. Wave 3 has already broke above the wave 1 high and has also hit a 1:1 extension of wave 1. Wave 3 will be invalidated if ETHUSD goes below the wave 2 low.
However, if ETHUSD drops below the 404 level, it could mean the continuation of the bearish trend.