Hello everybodyI hope you are doing greatLet's look at the ETH chart and possible scenarios.1- The main scenario still remains moving to the downside. Still it is not clear the move would be in a 3 wave ABC structure or 5 wave impulsive. However,short term scenario would be bearish while we are below 1607. even higher than this level, we can sonsider that we are still on a corrective wave B and it will delay the sell-off.For the targets, the most important one is 1530 which is 0.786 Fib level of a wave 2. Then we need to see the reaction to the level in order to define other targets but 1445 seems very likely. 2- Another scenario we can consider is that the low has been made on 12th Oct and we are moving in an impulsive structure to the upside. the point is wave 4 is very long and complex and has dropped below 0.618 fibonacci level which is very rare for a wave 4.