What will happen, case 1 or case 2

ETH is trading at 2600, right now.

ETHUSDT has been decreasing from ATH with four waves. So the fourth wave has done?

In my opinion, I think it's been happening with complex wave ABC. But it can be the impulse wave with the second wave which has done at 2500.

*** We have the invalidation level at 3920 ***

The fifth wave of target is 1580 with 1.382 Fib of third wave. (Case 1)

The impulse wave might be go up to 5000. (Case 2)