I've seen a lot of people comparing the current price action to the 2014 bear market so I thought I'd take some time to do the same. There are definitely many similar elements as far as reactions to previous support and resistance zones.
If expect a similar trend to play out I think that puts our bottom somewhere around 3K. I've also heard many analysts that have been watching crypto since the early days have been calling a similar bottom. Its certainly possible that the announcement of an ETF could prevent us from going that low, but I could also foresee a scenario where the SEC delays their ETF decision whilst also releasing some unfavorable ICO news that could easily send us to 3K.