Possible wave count scenario. That wedge might be wave 1 or since we don't have the full history, it might be wave 5 too. Looking at the big correction after that, it is more possible that it is wave 5, but I took it here as wave 1, because until proven wrong I would assume that the chart start as the beginning. So, my thought is that we might be in a deep wave 2 correction and ethbtc pair might go above 1 someday. Again, no time analysis here. Just ignore time axis.
This looks like gonna rise more or less to 0.40k sats area, but It might go much higher and that Wave c of this correction might not go that deep. maybe even new ath might be possible in this wave b if eth2.0 fomo runs big. We'll see that.
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