Ethereum continues in its downwards channel begun after numerous failed attempts to reach and break $420.
If the trend holds, expect it to maintain it until early August where numerous major support levels could be tested.
Levels to watch the next 12-24 hours:
-$231: Overhead resistance
-$225: Downwards channel top trend line
-$206: Has acted as resistance the last few days. It has recently broken above it but currently is below. Let's see if it can reclaim and hold this.
-$195: Current Price
-$175: Major source of support. Last level battled over before the last big run up to $420.
-$168: Downwards channel bottom line