ETH also made a new ATH above 2000 dollars but was also not able to establish any support is currently following BTC downwards. We can see here that ETH is still technically trading within this large parallel channel as the breakout did not last long. ETH will probably find some temporary support around the 1700 - 1720 dollar area.
If ETH establishes proper support at this level we will look at some entries but like BTC we feel ETH can trade lower and we can expect a test of this lower trend line which lines up with the bottom of the green ichimoku.
We haven't seen ETH hit the bottom of the green ichimoku yet in this uptrend and a move this low might indicate some weakness. For now we will monitor and update.
If ETH establishes proper support at this level we will look at some entries but like BTC we feel ETH can trade lower and we can expect a test of this lower trend line which lines up with the bottom of the green ichimoku.
We haven't seen ETH hit the bottom of the green ichimoku yet in this uptrend and a move this low might indicate some weakness. For now we will monitor and update.