Here is ETHUSD 4H. I would consider current region to be quite risky to enter any position until more sub-wave structure gets formed.
ETH recently had broken the yellow triangle below and bounced around 0.786 retracement level.
If we see some uptrend move to retest the bottom of the triangle, it might be a adequate place to enter short.
Moreover, there is a blue mid-term trendline passing above and thus even if it fails to retest (breaks above the bottom of triangle again), I would accumulate more shorts expecting some more resistance from this blue trendline.
For long, I have extended the bounced sub-wave to 1:1 which also happens to be region where yellow long-term trendline passes.
ETH recently had broken the yellow triangle below and bounced around 0.786 retracement level.
If we see some uptrend move to retest the bottom of the triangle, it might be a adequate place to enter short.
Moreover, there is a blue mid-term trendline passing above and thus even if it fails to retest (breaks above the bottom of triangle again), I would accumulate more shorts expecting some more resistance from this blue trendline.
For long, I have extended the bounced sub-wave to 1:1 which also happens to be region where yellow long-term trendline passes.