After euphoria, ETH started to decline, its principal use cases being raising funds for ICO, there are many addresses with plenty of ETH to sale. EOS led the charge by dumping a good chunk of their ETH in the market while EOS was pumping.
Indicators seems fine, no bearish divergence spotted in the long term, just a regular correction and consolidation until something new happens, if it ever happens.
Komen
⋅
see also other scenario with a bounce potential
Komen
⋅
Bounce finally happened at 0.041, which is just above very long term trend support, we need a bullish BTC for ETH to go try resistance now (around .062, so potential +50% profit)