At this point in time, I do not like what I see, but I do expect a reversal soon.
I did post a chart recently expecting Ethereum to rally soon. I may have to think twice about that although it is still possible of pulling through.
The recent low of 640 needs to hold and we are sitting barely over it right now.
Lot of traders right now. But have no fear, their targets (and targets) rarely get hit and they have been incorrect many times before.
It is difficult to be in a situation like this, so keep that in mind.
Key levels - Description (copying what's on chart)
~640 - Green Parabolic Support.
515 - 0.786 Fib level / Trace.
400 - Key .
266 - If above support levels fail. (unlikely, but nothing is impossible).
I still think Ethereum is a good long term hold.
Lastly, this is not financial advice.
Thanks for viewing and good luck to you.