[00:18] Critical Support Zone Identified: Ethereum remains within the support zone of $3,633 to $3,861, representing the 78.6% and 50% Fibonacci retracement levels. Despite today's sharp sell-off, price is holding within this range without breaking key support.

[00:41] 100% Extension Target Reached: Price already reached the 100% extension target yesterday, marking a potential completion point for the current downward structure.

[01:23] First Bullish Signal Level Defined: The earliest potential bullish reversal signal would require a break above $3,945 (the last swing high), though this alone would not confirm a trend reversal.

[01:37] Critical Breakout Level at $4,400: The most meaningful bullish signal would be a break above $4,400, which is far from current price levels and would represent true trend reversal confirmation.

[02:07] Key Support Floor at $3,374: The most meaningful support level sits at $3,374, and a break below $3,633 would increase probability that wave four correction is still unfolding.

[02:46] Perfect Flat Correction Pattern: The current price action shows a textbook flat correction with higher low, lower high, higher low pattern - indicating range-bound consolidation rather than impulsive bullish movement.

[02:56] Missing Five-Wave Structure Warning: Despite recovery attempts, Ethereum lacks the required five-wave impulse move upward that would confirm trend reversal, making this the primary concern for bulls.

[03:13] Limited Clear Five-Wave Patterns Across Crypto: Analysis reveals only a handful of coins show identifiable five-wave structures after the October 10th low, indicating broader market uncertainty.

[03:32] October 10th Wick Obscures Structure: The massive price wick on October 10th hides critical wave structure data, making precise Elliott Wave counting difficult and reducing analytical confidence.

[03:51] ABC Structure Dominates Current Count: The current wave count tracks a one-two setup but it's based on wave 1 as a three-wave ABC move rather than five-wave impulse, weakening bullish case.

[04:07] Pullback Strategy After $4,400 Break: Once price breaks above $4,400 and confirms uptrend, pullbacks would become legitimate buying opportunities - but premature entries below this level remain high-risk.

[04:24] Risk Management Essential in Scanning Phase: The analyst emphasizes this remains a scanning and tracking phase with no confirmed trend reversal, requiring disciplined position sizing and risk management for any current entries.