Ethereum (ETH): Ready for Wave 3?

SUMMARY

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Ethereum (ETH) is following Bitcoin and has broken out of the downward wedge (blue lines). Could the correction end before completing the minimum run to $461? If ETH follows Bitcoin (BTC) to the upside, yes. The chart below shows the final five of blue 5 of red C waves complete. The price breakout is also being carried out in an impulsive manner (purple) and that's a good sign.

Now, look at the recent five wave up (white) and the current ABC correction which is forming a bull flag. The five waves up are actually subwaves to a higher degree of trend blue circled 1. The current correction are the subwaves to blue circled wave 2. IF this is correct and price breaches the upper purple trendline of the bull flag in an impulse seuence; then the very bullish blue circled wave 3 could onset.

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