My primary ETH/USD count is based on a ABC zig zag correction that began after the ATH of $1419.96 (Coinbase ETH/USD) in January 2018 and ended at the 2018 low of $360 in the beginning of April 2018. Since the $360 low, Ether has been building the 1-2 of a 5 wave move that could take the price above the ATH.

But, what if Ether has not been building a 1-2 over the last 3 months? What else could it be? Instead of an ABC zig zag correction that began in January and ended nearly 3 months later, Ether may be going through a more complex WXY correction that is still in progress.

So, it's possible that the 1-2 is actually the B & C of a ABCDE triangle and the upward move that began last night is the start of the triangle's D and not the beginning of a 3rd wave. If that's the case, Ether may only go up to around $670 before the E wave takes the price back down to the bottom of the triangle.