Clearly we see the 0.618 (predicted level) around $4,100 is the most important level of this trend. Please review these two previous posts regarding this level for more information.
No after a second rejection at this level we are looking for levels of support. Right now, the $3,500 is the most important level to hold. If we lost that level the next major area of support is between $3,200-$3,300. The absolute worst case scenario would be a drop around $2,700-$2,800ish to form the right shoulder of a potential inverse head and shoulders pattern. We have been pointing out this possibility for a while. You can find our previous analysis regarding our H&S pattern here:
Once we start closing candles above the $4,100 level that will be the start of the next major leg for ETH and altcoins.