I feel we are at a near bottom on ETHBTC with support at 0.618 FIB of the move from 0.025 to 0.035 at 0.028500 levels(approximate levels)... Only a close above 0.032 would mark the beginning of trend reversal followed by a substantial upmove. fingers crossed
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Update: so ETHBTC took support exactly at 0.618 and bounced back. Still in danger zone but looking at ETHUSD which has cleared some major resistances on 1H, 4H and currently going strong and well poised for testing 300 levels, I feel ETHBTC would confluence at 0.030. That's where real test would start. Clearing 300 on ETHUSD and 0.030 on ETHBTC would open up for another 20-30 % upmove. fingers crossed :)