ETHUSD Price Heading to Key Resistance

Price rejected the bullish breakout from the bearish channel three days ago. Since then price has fallen from $515 to as low as$440. Now price is trading just above the key support, where price remains in the bearish channel . Thus indicating that the market view on ETH is still bearish for the time being.
https://www.youtube.com/watch?v=yGQ5ECUa5NY&t=1s
Scenario One ( Bearish Breakout): Price will test key support, followed by a bearish breakout; Thus, exiting the bearish channel .

Scenario Two ( Bullish Rebound): Price rebounds from key support, heading to the next key resistance; Thus, remains in the bearish channel .

View Chart: http://empowertrader.com/2018/07/chart-ethusd-stays-intact-in-bearish-channel/

Website: empowertrader.com