Target: Expect a heavy drop to the pink line (200 EMA on 4H). From there, we will see what will happen.
Reason: The price will probably stay around this level. MACD shows that bulls cannot beat the bears (Bears incoming). A bearish flag has already formed also. Even if ethereum happens to spike, I suspect it will not go above the black line. Prepare for a fall. Price is staying around 50 EMA at the moment.