ETH hits support and the .618 perfectly to rebound

ETH is looking strong at the moment having come down in a controlled fashion (in all this carnage) to support and the .618 FIB line. This is a good place to enter into a trade for this coin. I would expect it to consolidate and then continue upwards from here. On the other hand, if BTC decides to take the next leg down to support around 8000, it will be under pressure again from above, but like XLM, should hold its ground fairly well and would be safe place to hold if you are in a trade.

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We have just passed the current resistance/ support at 1100 and will be going to 1166 if all goes well...

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We are getting pulled slightly by the decent of BTC and could possibly retouch the support...If it becomes overwhelmed next support would be at 1062 and 1043, and this would be very strong. If BTC goes all the way to its major support at 7900, these levels are what I would expect but it all depends on market reaction to this scenario

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correction, 961 would be first support at 50% FIB and then 918....