ETH formed a bull flag
at higher timeframe and moves within it till now. Current trade channel located between 181 and 189. Since higher level already hit, we may expect it to go down - and either bounce from channel middle line around 185 or go lower to channel bottom at 181. Bouncing from 185 will be bullish
and gives a chance for channel bullish
breakout. All depends on BTC
which is not clear right now. I think it can drop to 8300-8550, but for very short time and most probably just a wick. If that happen, ETH can dump below channel border.