ETH obviously disappoints its believers by its recent performance. However, judging by the 40 days WMA (white dotted) the bull is well alive and I expect its influence to hold the market (low $400 area.)
If the bounce is powerful enough the disappointment should stop with a daily close above $439
Otherwise, we are looking to get lower to $385 and even down to $363 if decline gets enough momentum.
https://www.mql5.com/en/charts/8007736/ethusd-h4-simplefx-ltd
