ETH - leading the bearish crypto sentiment ?

ETH is one of the few cryptos which is suggesting we could see a bigger leg down before any major upmove is coming on the altmarket. Many altcoins are starting to form a bottom but a fast spike down could happen anytime to liquidate all the deeper sitting longs. Watching ETH it seems a classic ABC could be around the corner with price targets under 300$. ETH already loosing the momentum, need as soon as possible 4h closes above 400$ to gain bullish momentum back. if it cant manage this and makes several closes under 369 the bears will start to smell the blood. Important supports are 369$, 347$ and 312$ to stop bears gaining momentum