Ethereum started a decent-sized rally from its low of 2182 yesterday May 29th that carried the price as high as 2478. However, the price quickly corrected below the resistance of 2450. It attempted for a second time to reach that resistance and without success. Ethereum appears to be resuming it's downtrend. The upward rally we have seen yesterday seems to be nothing more than a 5-3-5 zig-zag correction. As I'm writing this, the price is trying to breach 2300, let's see what happens.