Ethereum (ETH): Minor Correction in ABC

SUMMARY

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Ethereum (ETH) is tracking yesterday's outline of the ABC correction pretty well. Price broke out of the small downward wedge but the breakout will likely be used to complete the red B wave rise.

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IF red B wave is complete, then a decline into red C wave is the likely next step. Given that price had risen in a five wave sequence (blue); there is a requisite minor correction that needs to be completed. There is also the potential outline of a Head & Shoulders pattern but again, volume on this also doesn't confirm. A bit of a bear flag can also be spotted in the price for the B rise.
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