The crypto market is reeling as Bitcoin fell below $7000. Ethereum is also sliding sharply, reviving the bearish correction mode it has been in since the beginning of the year after price tagged $1400 on Coinbase. ETH/USD (Coinbase) (click to enlarge) Lower Highs: On the daily chart, we can see that the latest key high was around $800, which was lower than the high around $1000 from the previous downswing. This suggests a lower low than the previous downswing, which was just around $400. There is a good chance we will see support around $400 as well, but we should be prepared for price to dip to $300 as well.Essentially, this means considering averaging in if you are a buyer at $400. To simplify that even further, just have dry powder (fiat) ready in case price does dip to $300. I think the 2017 bubble is still deflating, but we are almost there where crypto could start to look relatively cheap. I say "relatively" because something like Ethereum is still young and hard to put a value to. However, if price does come back to $300, it would be where price was before the end of 2017 bubble, and thus could be considered relatively cheap. You can argue that even the early 2017 run was part of the bubble, but I think by now there's enough development in this space to support ETH/USD at $300 if it gets there. from CoinPowR