Where are we now?
According to the count, we are in the first large wave down. We have one more 1-5 subwaves to complete this wave. Afterwards, we can expect an ABC up. I have marked this with grey waves. It is my preferred scenario, because the count and the ratios just make sense so far.
How to trade it?
Likely we are in a typical wave 4 triangle correction, with a potential to break down from point E (the red box). I will try a short here. If that works out, expect to take profits into 2300-ish.
What if not?
Should ETH go higher (green path), we need to re-evaluate the smaller count. This idea is then invalidated.