[Watch it] Ethereum may look down for support to a critical area

Ethereum still moving sideways within a broad ascending channel.

Currently compressed below BB middle line.
Volume down, flat MACD, mixed oscillators.
Likely to see a crucial test of the lower limit of the ascending channel.

If so there is a support area around 2700$ (2750-2500$ currently), which may spark a bounce.
failing that mind that a close W under 2700$ would be highly troublesome.

So watch it.

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2798$ so far. Hmm ...

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The thing is ...
IF Ethereum may hold 2700$
THEN it may shoot up over 4000$.

Imho.
Watch it and watch BTC.

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2762$ low, pretty close to the key area.

Trade active:

Took a lot at 2803$, stop under support.
Let's see.

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Removing the stop, and letting it go.
All markets are going crazy, hence I'm willing to take a risk.

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Couple lots bought at 1560$, 1322$.
Two lots still pending

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Possible ETHBTC breakout (diamond involved).