#ETH ETH Market Analysis: There's really not much to say about Ethereum. This recent drop has been deeper than Bitcoin's, and last night's double whammy was particularly egregious, pushing it down to around 2800! Looking at the retracement range alone, this pullback has been quite deep. If we consider a 0.8 retracement, the low is exactly 2792, the low point of the wick. Will a miracle happen? If the overall market continues to fall, then Ethereum will very likely break below the previous low of 2600, at which point there will be no particularly effective support level!