The target on the exponential chart is $350.00.
Unfortunately I think you are completely right. Once the old support at 700 was clearly broken it became new resistance. However, before we get to 350 I expect ethereum to retest new resistance, perhaps even break it a bit above 700. Than this panic selling should take us below 400. No matter what happens I’m setting my buy order at 450 with 20% of my fiat put aside for crypto investment and another 50% at 380. That’s my plan. I hope if this plunge happens everyone gets aboard, this would be our last chance. Of course, if that happens with ethereum, BTS and Steem should follow and that would be a great opportunity as well. We must look at these sell offs from the positive side “Huge Opportunity!”.
Sounds like a plan. $450 was the low so far today on Coinbase! We didn't get any bounce though, and with everything in sell mode, I'm kind of hoping we see some climax selling . . . which could give you your $380 entry.