ETH is fairing better than BTC at the moment and is benefiting from three important levels of support. ETH price has found support on the lower trading channel trend line, the longer-term consolidation trend line (Previously resistance), as well as previous swing high price level (purple line). Bulls are not safe yet though. Volume is low and RSI is falling. There is no clear signal for direction so I'm waiting to see which way this goes. I'll be keeping a close eye on BTC for if it starts to decline I expect ETH will get dragged down through these supports.
