SEthereum seems to be having quite a battle with itself. ETH knows it is worth much more but is kept artificially small.
Currently, ETHEREUM appears to be trying to break multiple resistances that all end up at roughly the same spot.
I honestly don't think we will see ETH much deeper than here and that this is a nice bottom to a value worth Ethereum. In my view, Ethereum should go to a price well into the 10K range and I would not be surprised if it flirts with 20K.