Ethereum chasing the gap
Same story for Ethereum as well as overall crypto opened with gaps today and some covered it already (Litecoin for example). After price opened with a $31 gap upwards, price consolidated in blue area and started making a steady drop towards the opening level - $687.26. The channel is steep, indicating the momentum is contained for a pressure to the price to go down. Price has already moved bellow the 15M 200 EMA and after couple of insecure attempts to breach it and reverse back up, it continues to go down.