As of this writing, Ethereum is dancing on the bottom of that channel at ~$263.
I'm conflicted...
I would really love to get me some $200 ETH action, but I don't want to put up with people saying "ETH is dead, etc." because of it. I guess we'll see!
Yeah, it's right on the edge of the channel. I'll be checking the price of Ether only every 15 minutes today!