SUMMARY
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Here is the chart for Ethereum (ETH) and as shown, there is good probability that the minor correction has completed, if not, shortly. The five wave impulse (white) is being corrected and the blue ABC waves have exceeded the 0.618 Fib zone. This thus makes the correction quite mature and at terminal end of its life cycle. I've labeled the Ending Diagonal for the blue C wave. While ED usually occurs at the terminal end of wave 5s; they are seen on wave Cs of an ABC correction. This is the only time when an impulse label can be overlapped.
So, what's next? Well, take a look at the MACD. It looks to be on the oversold side (blue circle). Price needs to confirm the correction bottom by impulsing upwards (white). So, we need to start seeing higher highs. ETH is currently following Bitcoin and no longer leading as it had briefly the other week.
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