The ETHUSD is forming the descending wave as an impulse, with correction (4) unfolding inside as a horizontal triangle A-B-C-D-E. The first three legs of the triangle have completed. Wave D is currently developing as a double zigzag [W]-[X]-[Y], which should finish at a level of 1696.00, the previous low.
Trading plan for ETHUSD today:
Take profit: 1696.00.