Ethereum is an open-source blockchain-based in addition to a decentralized platform featuring smart contract functionality and ETHUSD is the value token of the Ethereum blockchain against US Dollar.
Down from 01/13/2018 peak $1424 the pullback in Ethereum is unfolding as a Flat structure looking to extend lower 1 more time at least towards $62.74-$28.14 area approximately before it produces a bounce for the next cycle higher or for a bigger 3 wave bounce at least. Note that cycle from 01/13/2018 peak has a minimum number of swings in place already, so another low is not 100% guaranteed at this stage.
Near-term, while bounces fail below $169.81 high expect ETHUSD to extend lower within primary wave (5) of ((3)) before a bigger 3 wave bounce develops in wave ((4)) & does a final push lower in wave ((5)) of c of (b). If the pivot from $169.81 high and more importantly the pivot from $515.06 gives up then the low can be already in place at $83.
ETHUSD 8H Chart 3.27.2019