I'm sure it's been pointed out already but Ethereum is in the process of forming a classic double top pattern. The pattern is NOT formed until a close below 1900, though. There's a chance Ethereum finds support above 1900, consolidates and then blasts off again.
The next few weeks will be critical especially if BTC breaks down further and drops firmly below 30k.
If there is a break below $1900 then expect an drop that would take us near $800. I doubt it stays there for long if it does. Panic sell-offs are always a possibility so it's at least worth a consdieration.
Finally someone without one way vision:D Do you think we could bounce at old ath ? I think we should visit both btc and eth.. then bounce from there..
variousCryptos
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@samky39, I think finding support at the previous ATH is more likely if there is a major correction. I wouldn't take anything off the table especially if the SEC comes after crypto in the next few weeks. Finding support above the neckline is the most important thing in the short term if we expect any bullish-ness to continue.