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 within wave ((5)) of “c” towards $80.97-$27.19 inverse 123.6%-161.8% ext area of wave ((4)) 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 $515.06 high expect ETHUSD to extend lower within primary wave ((5)) before a turn back higher is seen. If the pivot from $515.06 gives up then the low can be already in place at $83.
ETHUSD 8H Chart 2.14.2019