Ethereum ABC correction in play as planned! How far can ETH drop? Liquidity is at $1,700 and $1,500

ETH gave us that another wave up to $2,800, and has since then been correcting in a possible ABC correction we were talking about since the August top. If Ethereum makes another low here, it will be wave 5 of Wave A. What follows is a corrective 3-wave move up in Wave B, a short entry, before finishing in a 5-wave move down Wave C. For the bottom to be in, this higher low ABC, which is Wave 2 correction, is what we need to see IF a 5-wave move up in Wave 1 was completed. The structure hasn’t changed since the video below, so check it out if you want to see a deeper dive and the macro outlook. There is liquidity down to $1,700, and in the dangerous area near $1,500. How far do you think ETH can drop? Elliott Wave count explained for the bottom in and not in scenario.