Ethereum is currently fighting for the so important yearly Pivot level around $215 and might lose this battle. After Ethereum has left it´s bull-channel, the odds increase, that we will see lower levels from here, except, the old 3D-diagonal is holding as current support. If we close below the white line, we likely see the lower $160´s again in a correction leg C. Remember that the long-term outlook is still bullish and consolidations are necessary to test if the demand is standing on a rock-solid base to classify an asset as a worthy long-term investment to attract fresh capital.