Many ICO's sell ETH for they own need. Price is going in the downtrend and someone control this direction (green ellipse). Most of all we'll see long flat and rise somewhere in the middle of may.
Harmonic are done. RSI show that we are almost ready to go up. If price broke support line, we are going to 500$ level, but it's probably not. Most of all, now we have good opportunity to buy some ETH and go to 0.382-0.5 fibo.