ETH/USD - Correcting to support, watch closely

ETH made a beautiful touch of the Fib 38.2% level yesterday with a nice wick that was quickly bought by bulls and now we established a lower high at 1.1k. We are descending now along the resistance line and we are likely to establish a clear support level around $1k.

Mind you, watch BTC to set the direction and see my previous ideas on that liked below. I would be very concerned if we break below $900 as that would indicate this correction will be longer than expected.

Hold on any trades until we have a break of support or resistance.

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