Yesterdays range in ETHUSD was the smallest in 6 months and it usually precedes a break out and trend move. Reversals at 0.786 Fibonacci levels usually go back to the 0.382 Fib retrace levels next and that lines up with an ABCD pattern measured move lower in ETH to 235 USD.
Obviously money were flooding into BTC and now it has stopped rallying up with volume climax which indicates a trend change, IMO as all the positive fundamentals on ETH, money will go back into alt markets especially ETH during BTC doing sideways. I just added to my ETHUSD long position. BTW the weekly pattern shows the final target for it would be somewhere around $700.