I kinda took Blitz's advice here, and glad I did. 24 hr volume has fallen to 50% of what it was a few days ago. Failure to break 2750 with any real momentum. Then it flattened sideways at 2700 (always a sign for a sudden move). Technicals signaling a retest of previous levels.
The low volume made the market feel exhausted to me. Bull sitting comfortably, but a lack of new buyers. And if ETH doesn't hold $300, it's going to start a domino effect and it will get very ugly in the altcoin market.
If we do enter a new bear market, it won't be a very long one. This blip we've had off the long-term trend is comparable to the one in 2012. So we'd be looking at a 4-6 month long bear market tops, with the lowest lows well above the previous ATH of $1200, imo.