Keep a close eye on the Daily 50SMA

ETH has broken below important structure support and similar to what we are expecting with BTC is probably looking to test resistance which currently resides with the Daily 50 SMA just above 3250. Any rejection from there will be very bearish and will likely see another test of recent lows in the vicinity of the Daily 200 and 100 Daily SMA's @ 2630 to 2750 respectively.