Part 1 is the July/August 2022 bullish wave...
It is hard to believe but its been more than 4.5 months since the last high.
Cryptocurrencies tend to correct for 2-3 months, normally... This time it has been already 4.7 months and we are still within a higher low.
What this means is that the next bullish wave is overdue.
Even on another shakeout, it gets closer and closer with each passing day.
Higher lows lead to higher highs... So there is potential for Ethereum Classic to go above $45.
See the chart for additional information.
Namaste.