From the time I wrote my last posts ETH pumped a little bit, it even touched $12 and now sits a little below it. To me it looks like a clear accumulation phase, if ETH didn't break after the DAO and ETC it won't go lower than this with Devcon 2 news and development progress coming out.
I've bought some at the dips at 178 and low 180 so I think I'm good, I'm not going all in of course but if I see the price did below those levels I'll definitely buy some more.
The volume is quite low in the exchanges at the moment. So if it is the accumulation phase, it will take some time.