ETH simply is not strong enough to fight against a descending BTC . We have a MAJOR $150 area that needs to square up down there ($725 to $575) This represent BILLIONS and BILLIONS of dollar currently trapped at that price and the big boys need to clear them.
We might see a at $575 or a 100% give back from the initial move that happened in December. It all depends on how hard and fast BTC suffers in the next few days.
In my mind ETH will visit at least the $575 area. If you are looking for an investment or target trade this could be your chance. $475 is VERY possible as well.
Follow me on telegram if you want to be updated on this trade.
Like and comment if you agree with the chart!