ETH can be trickier/riskier than BTC. It can also just hit 420 level and run again, but it can also drop all way down to the middle of channel somewhere over 400. More patience and lower timeframes will be used to see how it will behave. I'll post updates (regularly, hopefully :)
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
Daily chart:
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ETH has fallen almost to the bottom of the channel and is struggling around 0.32 Fib level. I expect it to visit 375 - 380 area again and set up trade there.