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Since the evening of February 5th, when ETH's decline appeared to be ending and a rebound began, ETH has risen from 1748 to around 2152, an increase of over 23%. This segment of the market is marked by the black line in the chart. The decline starting at 2152 is still viewed as an adjustment structure rather than a new downtrend.
Currently, I will maintain the Sunday video approach and refine it further—there are two possible future trajectories for ETH:
Red: ETH may undergo a deep adjustment this week, with the correction ending below 1897 but above 1747. Under this scenario, the subsequent upward movement of ETH will have limited strength, possibly slightly breaking 2152 or approaching it before ending the rebound and starting to decline.
Blue: ETH's future correction will form a converging structure, not falling below the 1897 level. In this case, the entire rebound could potentially end in the upper zone marked in the chart.
The difference between the red and blue routes lies in the adjustment structure and depth. The common point is that after the correction ends, there is a high probability of another rebound at the same level as the black line. However, it’s important to note that this rebound could end as early as the week of Gann time 2.23. After the weekly close that week, it will be possible to confirm whether the rebound has ended. Once confirmed, ETH will begin a new decline, with the next low point expected in mid to late March. #eth $ETH