Just watch the price of ETH it has basically dictated the market's direction since it's astronomical rise in May. It's no coincidence the shit hit the fan as ETH was testing sub $200, fortunately that was very short lived.
Eth went from 12.00 to 350 or something like that. I expect eth to trade at sub 200. We will probably see a correction down to 120. even then its 10x from what it was at the beginning of the year. Currently its unsustainable as millions of dollars have to be put into the system daily to accommodate the miners.