ETH is once again trading at the top of this massive up trending channel and has been trading in the top of this channel for more than 16 days now. I feel ETH needs at least a 15% correction which would bring it the bottom of this trading range and would be a healthy indicator of this trend continuing upwards.
If this does not happen ETH can pump straight out of this channel to the upside but then we run the risk of a much larger correction later on in this trend. A healthy market must correct in order to gain strength and continue upwards.