Before you panic sell your ETH. Keep in mind we are reaching a MASSIVE support zone in ETH/BTC .
If you look, that .03-.04 area acted as resistance way back when, the turned to support multiple times. Yes, the orangish trendline from early Jan 2017, to the 2018 trendline touch. RSI is so OVERSOLD it makes my head hurt. You can even throw ina 786 fib point.
After this level we go to an insane support level that held in 2016. Psychologically, do you really want to sell into a point that is close to what it was in 2016 once we start hitting these levels?
There is NO reason besides people panic selling their ETH that it should be going down with this much velocity. Besides, ETH is fundamentally better than BTC IMO, but that's another topic.
https://www.tradingview.com/chart/ETHBTC/eJKiUXv4-Before-you-panic-sell-your-ETH/
-Sherem
