SUMMARY
For Ethereum (ETH) to breakout, the upper blue resistance line needs to be brached. This means breached via an impulse motive and not a corrective three waves. Wave 1 doesn't look impulsive itself and more abc and so this is NOT the primary count. However, wave 3 is quite often the most important so perhaps price can breach the blue resistance line. The MACD histogram is certain ready to assist in any breakout.
The primary count still calls for one more incremental lower low as shown in the below chart. This would also bring price that much closer to the apex. Let's see how the price action plays out today and early next week.
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