Dont shoot me for this, just time stamping an idea
Im not in ETH, I dont like ETH, so here is a hater chart based on Elliott waves
0.786 fib and decent support around $12k
Ok, I dont think this will happen but ETH has had two 175 day trends, bouncing off the top and bottom of the channel. Next target for July would get ETH to 0.48BTC
bitcoin could fall all the way to $5500 (it wont) and the channel still be in tact.