A clear path through the Ether...

This chart doesn't require a whole lot of explanation. If you follow me, you know what I'm doing here. The only question you have to consider is if you want to start buying at the 50% retracement or wait for a deeper wave-2. The deeper the retracement the lower the risk to your stop and, it does offer very nice structure with a touch of the median line. Take note on the 4-hour chart how ETH has kissed that line on the way down. You also have the 100% alternate price projection lining up with the 50% for the a-b-c, and we know algos will start buying there. My suggestion is to put on a portion of your position on at the 50% to insure you don't get left behind and add if we see a deeper correction. Stop below the low.

I'm off to Vegas for the weekend so I won't be available to reply to comments. Back in the saddle Monday morning. Until then... stay technical my friends.