The analysis focuses on ETHUSD, indicating that it has bounced into resistance. The speaker anticipates a possible extension of the B wave. Fourth wave pull back looks a little bit weak, expecting another leg down to 4100 to complete a correction and retest that level. It could very easily just be a flat correction in wave B. There is a micro resistance area at 4292 and another at 4309. If a micro five wave move down is seen it could indicate the beginning of the C wave to the downside. A Fibonacci extension area is added to the chart. The C wave target to the downside is estimated around 4120. The next leg up could take ETHUSD to 4563 which is the 238.2% extension. Target levels are therefore around 4500-4563, and the analysis would be invalidated below 4117.