$ETH in a ABC correction

ETH broke down the upchannel and makes me think its in a bigger ABC-channel.
This downward movement was already indicated by a bearish MACD.

To be honest: I'm looking at the target, what should happen to let it drop that much.... I had the same feeling when ETH was at 300 and my target was 140.
This is not such a big downfall, but I'm still a bit surprised. But chart is showing me this, can't make it better for now.

Good luck!