Ethereum is stuck within a channel that it simply wont be able to break. I don't believe it will be seeing the 300s soon, however when its prices capitulates down to the mid to low 400s, that may be a great entry point for a swing trade. It may also want to follow the waves I charted and go sideways for sometime. Looking at the Head and shoulders reversal, we should be going down lower however. How low, nobody knows.
Your ideas mesh with mine, but you will laugh at how I derive them. Somewhere along the line we will depart from the PATH I am pointing out.. and that departure, might be anywhere from 6000 Bitcoin to as low as 4500. However, I am throwing confetti in the wind. It's just a hunch that the Bulls won't tolerate a fall to 4k. And if BTC gets that low, we also need to be considering FLIPPENING for ETH!