The $1700 resistance seems strong for the first time. I think ETH/USD will retrace at least to the $1400-1450 zone. Than should possibly be a an upward correction till $1500-1550 as the arrows show. Finally ETH should see a deeper zone around $1200-1300 (the bottom of the 1h uptrend channel.The possible downtrend is likely due the overbought state of the ethereum and the failure of breaking the $1700 resistance.