Within the past few days, Ethereum has been trading between the approximate price range of $2059 and $2170 and failed to break the $2059 . Assuming the is to fail, expect the price to drop to the next of approximately $1922. It is likely that the price will then drop to the low of $1700.
Regardless of whether or not the current holds or if current breaks, the price upside is about $2280 in the next 7 days, which is the level and the peak of the trendline. With very limited upside and almost certain risk of downside, I advise traders to exert caution.