Well it appears this played out very nicely. I am watching to see how this continues to play out but for now, I am not too bearish on ETH over the medium - long term. Personally i have been buying this dip.
This all is likely dependent on what BTC decides to do. I am not 100% sure how ETH/ALTS will perform if BTC really is at a top and nukes from here. Too many charts are indicating that we are NOT at a top, however, BTC is oging to take some time for the chart to clean up. Could be weeks, could be months, and until then, we can hope we range and/or trickle down slowly on BTC which will give ETH & alts the ability to rally before we see some major moves up in BTC.