Over the past two or three days, there has been a lot of divergence in the crypto markets, as a number of heavily traded altcoins have started to lose support and see themselves decline, with their value experiencing incremental losses. New reports that Binance is taking over the FTX exchange is causing investors to stand in reversals as they find out how big the gains are on fake versions of cryptocurrencies. 

In recent weeks, the price of ETH has seen its value fall to a low of $1100 due to low trading volumes, however the market is currently attempting to break higher in an attempt to gain some momentum.
The price of ETH needs to rally to a region of $1,450 before it can be considered sell-off safe.