Ethereum continues a slow consolidation with a slight upward trend on the USD paired chart, which seems bound to retest the local resistance at $270 within a matter of days. Tests of this level during the weekend quickly fizzled out on very tepid volume. $320 marks the beginning of a local ranging channel, which was in play from June 21 to 25, and whose upper limit was about $250. Reentering this channel will be necessary in order to retest and break $350 - some analysts and chartists think that Ethereum still hasnt got its big pump of the season, in the fashion of Litecoin, Bitcoin Cash, and even Bitcoin itself.