Ethereum is evolving inside a downward channel (see blue lines) since early June. There is a last bearish leg that could bring the price to $1400. So far both intermediate wave 1 and intermediate wave 3 lasted exactly 8 days. So let's see what Ethereum is going to do until next Friday. If this target is reached, it would mark the end of the whole bear market correction as the huge zig-zag would be completed.