Ethereum Market Shows Signs of Larger Corrective Structure

The Ethereum market is showing signs of a larger corrective structure, with a potential impulsive move one degree higher. A recent analysis of the Daily chart revealed that the move from around 1,500 can still be examined as a developing impulsive structure. This structure appears to have 1-2 and 3-4, 5 sequences, as identified by Longby Mehdi_Abbasi_EWP4. The analyst's previous updates followed a simple question: is the larger corrective structure still developing, or is the market already beginning a new impulsive move? The answer to this question is still unclear, but the structure has become clearer through price development. The Ethereum futures contract (Oct 2026) on Coinbase has been a key area of focus for the analyst.