Charts suggest ETH has been moving in a channel but may be setting up to test the lower 950-1000 resistance of the larger-longer term trend.
RSI and MACD suggest there may be a near term decrease in price/trend. If this decrease happens, it seems to also fit with a head and shoulders chart pattern. The seeming return of BTC to an increasing trend may also support this sell-off as some traders move back toward BTC.
Alternatively, ETH could continue up to the top of the current channel, before starting a down trend within the channel. This would be expected if the RSI and MACD information is only present for the short term.
RSI and MACD suggest there may be a near term decrease in price/trend. If this decrease happens, it seems to also fit with a head and shoulders chart pattern. The seeming return of BTC to an increasing trend may also support this sell-off as some traders move back toward BTC.
Alternatively, ETH could continue up to the top of the current channel, before starting a down trend within the channel. This would be expected if the RSI and MACD information is only present for the short term.