On the hourly chart, the rate of Ethereum has already faced two waves of correction since the beginning of July, when each time the price plummeted by more than 10%. Applying the current situation to the graph, one can expect a sideways movement in the range between $215 and $230 in a few days. The leading altcoin should not go the psychological $200 mark due to the RSI indicator which is located near the oversold area.