Weekly Chart - Suspect ETH USD at $400 was Primary 1 wave of the current cycle. Primary wave 2 - the recent sharp sell off from the all time high. Next up then is Primary wave 3 - which should bring not only a break of $400 but carry ETH USD much higher.
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So far so good. Five waves up with a minor correction. A powerful thrust higher should confirm the uptrend
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Suspect traders have been getting out as they anticipate a crash in BTC. I suspect once BTC breaks $5000, they will all start jumping in.
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Primary wave 3 should now be underway as confirmed at the break of $400. Prices should move sharply higher as we enter the strongest phase of the trend.