If this is top, then correction is of course next to what should happen.
In the bullish case, if the top is not yet reached (I think this is a more likely scenario), it needs this drop you can see on the chart to establish strong support.
At the moment, ETH/USD floats in the air without any support.
This is not the main reason for shorting, this is my theory if this works out I’ll make a detailed post of why it was needed for the strength of the uptrend.
