ETH and BTC are diverged and I cannot be convinced otherwise. Overall we have seen a bloody retracement across the market and all eyes are now on ETH to start the healing process. We've just hit a huge support and fib level which is a great place to lick our wounds and consolidate before a leg up. However, if we drop below the grey rectangle I will be shorting ETH all the way down to 2k as we are still miles above the EMA 200 and bottom trend line.
Overall seems like as good a place as any to spot buy / throw on a small long and see what the market does.