Ethereum (ETH/USD) has been in a sharp correction since "mooning" to $1400 in January. This happened after price broke out of a 6-month long triangle, which we can see on the daily chart below.ETH/USD(click to enlarge)$420 will be a key level for ETH/USD.This is a support/resistance pivot and with the RSI below 30, the market might see this as an oversold situation.The upside however, is not clear.After such a wild speculative rally in December and January, we should probably anticipate a long period of consolidation.In this scenario, we should limit expectation of upside to $800. On the other hand, a break below $420 could extend the correction to $300. From CoinPowrR