Description
⋅ An idea on ETH that the recent low at $1700 might be the bottom for now after completed an ABC (as part of a larger WXY).
1. B wave hit the 0.382 retracement level exactly
2. 5 waves down within C wave that match the MACD histogram
3. Bullish divergence on the 5th wave
There is an alternative 5 wave pattern posted in below screenshot where wave B is wave 2: