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.
Well it's second in volume on Poloniex alone, not sure what's the volume on Gemini, Coinbase, etc, remember you can get ETH with fiat. I agree the volume on Polo is not really impressive so far but it's picking up. I don't think devcon2 is priced in, any news will make it pass 200k in my opinion but I could be wrong.
I still think ETH reached its bottom for the year and it's 10-11 dollars. Fanboys are stubborn, they won't sell below that or 150k. Even after ETC and DAO debacles.