$ETH has two possible scenarios playing out. My preferred count is an ABC correction, with an extended wave C targeting around $2,319 based on the 2.618 × A projection. However, wave C could complete before reaching that level. The alternative is a bearish 1–2–3 structure, where the current bounce forms wave 4 before another move lower. A sustained move above $2,630 would strengthen the corrective scenario, while a new low would keep bearish pressure in play. For now, watch how the structure develops, manage risk and keep both scenarios on the table. #ETH #Ethereum