I know the charts look rough and the prices look like everything is tanking, but i think we are accumulating support for ETH at these levels, and as i had mentioned in my previous charts, ETHUSD is in retracing to a good buy zone around $575.
We hope to see a bounce of 23% on FIB, where i think ETHUSD will find solid support.
There are too many apps running on ERC20 to have everything just go to 0.
ETHUSD should see a bounce back soon.
I am not a financial advisor nor shall you make any financial decisions based on my findings. These are for educational purposes only.