Not sure why the sudden bleeding with ETH, but looks like we're hitting a historical support/resistance level here, which coincides with the .618 retracement line. Also looking oversold on all timeframes, just awaiting confirmation of a reversal/bottom...in which case we're looking at a good 15% discount opportunity.
Also not shown on this chart, but large disparity on the Ichimoku cloud between the Kijun Sen and Tenkan Sen, indicating something has to correct.
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Support level at the .618 retracement held and RSI still oversold...the downtrend seems to have stopped/paused, just waiting to see what happens next...
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Well, it sure didn't stop. Appears on its way to 78.6% retracement