I still stand by the idea that short term $ETH moves towards the bottom of the range around 3500. And since most of the market has been tied to ETH PA recently (and not BTC) I expect alts to go down with ETH. Once we reach 3500-ish you want to have filled bids on alts again.

I don't think that this is anything to be too worried about, it's just the market releasing some hot air after massive rallies across the board. Think of it as an athlete taking a breather before sprinting again.