Normal Layer with these layers on top:
Gaussian Blur of BG 75 pix, Equalize - Soft Light 32%
BG, USM 3 pix 100% (approx) - Normal 62%
Gaussian Blur of BG 75 pix, Invert - Difference 20%
Levels
Curves
HSL with Selective Desat
I worked with this image for quite some time before I saw the angel, and once I did, I could not see this as an image of water but rather of a being in water. Curious.
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To me, the smudginess of the image detracts from what is most compelling in the action. For my tastes, a cleaner background minus what appears as smudges would have made a stronger image.