ETH Trading below its August lows now and testing the 0.618 Fibonacci retracement level. This was a move which I was expecting earlier this month when price was stuck at that 4.3K area. When the break down didn't happen I figured ETH might just wanted to go for that 5K+ move already. Shows you how the market can do things you might have expected at some point, but if your timing is wrong, the idea is still invalid. This is why spot is such a good way of having exposure to this market as short to mid timeframe timing is much less important. All you need to watch is the end goal. Anyways, now price is at this level it will be key for the bulls to retake that August low at ~4.1K which is also the previous cycle high. I think multiple daily/weekly closes below this area wouldn't make for a good look short/mid term.(Daan Crypto Trades)