The elevated long leverage mixed with the overhanging ETH locked in 2.0 and the mtgox coins are still keeping this market down.  The support at $28K is looking more and more exhausted as it continues to be tested.  I think there's a strong likelihood that the price will retest the recent lows in the $26K range.  Hopefully that will liquidate some of the long leverage and bring the market into a healthier position to begin building support for the next wave of BTC to crash down onto it.