Time to go back down and test the neckline

Before ETH continues, I think it's very likely that it goes back down to at least around 1250 to test the previous neckline before there's any real chance of a bullish continuation. I'm personally more bearish and think it won't hold given a the ridiculous amount of global economic factors, even if it bounces for a dead cat. Volume continues to decline dramatically and the previous support of 1700 has now become resistance.

Time will tell.