The analysis focuses on Ethereum (ETHUSD). The current price dipped into a support area, with the potential to reach the next support level at $3665.65. The key support for wave 4 is around $3374. The analysis states that breaking below the green line indicates a previous breakout point that the price couldn't hold. The analysis treats this correction as a wave 4 correction, suggesting an internal 4-5 pattern is possible. The analyst's preferred interpretation involves a wave W, an X wave, and a Y wave (ABC), where the C wave is unfolding as a five-wave structure. The four-hour timeframe shows oversold conditions, but there is no bullish divergence yet. A lower high and lower low on the price chart may form, with a higher low on the RSI indicating a bullish divergence that could lead to a turnaround. The crucial breakout level is $4215. If the price breaks above this, the analysts suggests it could signal an upside breakout to new highs, especially if it occurs in five waves. The analysis suggests that the correction is unfinished, noting the lack of bullish divergence and a break above resistance is needed for a true reversal signal.