Energy Web Token is the operational token behind the Energy Web Chain, a blockchain-based virtual machine designed to support and further application development for the energy sector. Technical-wise; after the impulse wave ended, EWT entered a corrective phase and still going down. It seems a downtrend channel is formed and have to wait for the price to break this channel first. Also, there is a horizontal support/resistance area which price will probably react to it.
Let's see if EWT can break the channel's upper line. If successful, the first obstacle on its way up is the horizontal resistance area.