So really, we are seeing cryptos being in this consolidation channel. It's seeming like we might find ETH rallying in the future, but really, it all depends on the dependency with BTC.
Realistically, there's no rhyme or reason to what the cyptos are doing right now. Typically, everything I have learned and have been teaching has been a lie. The supports breaking have been followed by proceeding higher highs which have driven me nuts. Typically, the signals work for financial markets. This market is extremely different.
When things happen in this market, we can almost expect something drastic. For now, I do expect the crypto trend to keep consolidating.
Longer term support is at $680 and we've seen rejection at this level time and time again.