Since the evening of February 5th, after watching the decline of ETH about to end and starting to rebound, ETH has risen from 1748 to a peak of around 2152, with an increase of over 23%. This segment of the market is indicated by the black line in the illustration. The decline starting from 2152 currently appears to be an adjustment structure rather than a new downtrend.
Currently, the thought process from the Sunday video remains unchanged, but let's refine it a bit — there are two possible future trends for ETH:
Red: ETH is expected to undergo a deep adjustment this week, with the adjustment endpoint below 1897 but above 1747. Under this route, ETH will have limited upward momentum in the subsequent wave, possibly slightly breaking 2152 or even nearing 2152 before ending the entire rebound and starting to decline.
Blue: The subsequent adjustment of ETH will follow a converging structure, not breaking below the 1897 level. In this way, the endpoint of the entire rebound is expected to fall within the indicated upper range.
The difference between the red and blue routes lies in the adjustment structure and depth, with the common point being that after the adjustment ends, there is a high probability of another rebound at the same level as the black line. However, it is important to note that this rebound may end as early as the week of Gann time 2.23. After the weekly line is closed that week, it can basically confirm whether the rebound has ended. After confirming the end of the rebound, ETH will begin a new decline, with the next low point expected in mid to late March.
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