#ETH shows a series of lower highs & lows.

The decline from the $4,800 area remains intact.
Every rally since has failed below the previous significant high.
$ETH is trading around the 0.786 retracement area 1,700 ish.
A break below this zone would increase the probability of a retest of the major low near $1,100.
The rally from $1,100 looks corrective & choppy rather than an obvious 5-wave impulse which is worrisome imo
However for such a deep retracement to occur we would likely need to see
#BTC losing major support.
#DXY strengthening substantially.
and Risk assets generally entering a broader bear phase, perhaps towards that October low I have been discussing??