Ethereum is currently trying to regain ground and did well at consolidating support at the $400 level. A sudden plunge back down to the $380-400 zone could spell an end to this emerging bull run. Crucial downward trend resistance levels are about to be tested. A gambler would buy in now and see if it breaks through. But I'd wait to see how it deals with...
With no further cuts announced yet and Iraq increasing production by the end of this year, oil is squeezed in a narrow trendline which it could break once resistance levels are hit.