Believe it or not but it seems like Litecoin is leading the way for the correction in the cryptosphere. If Ethereum is to follow suit lower lows will be expected breaking the long time support which now stands at 420 range. I expect Ethereum to go as low as 310-300 range. At least that is what this correction is morphing into. I am sure someone here will pick apart every line I have drawn and if it doesn't follow suit will find an issue with it. The dates in the chart are speculative and coincidental I would say more than anything. Corrections in crypto take a long time so patience is key.
Financial disclaimer-Nothing in this chart is to be used for buying and selling purposes or financial decisions. These ideas only provide speculations on the price of the given ticker.