Ethereum has been overbought for a little bit. Since we broke the longer down trend line, we now have that as support. Additionally, the $420 level was sought to overcome which is now going to be support.
Indicators up to the 4-hr chart favor the bears to pull back after heavy buying over the last few trading sessions.
Bear volume is now outweighing the bull volume and we also have breaks of support on the shorter chart(s).
Likely scenario is a test of $420 over the next few days.