From the view of fundamental, Ethereum has a close movement with major indexes such as SPY, DJI and etc. The Second wave of COVID-19 might be the burst of economy, nobody knows could the sky-high market keep up with the current economy, but overall the chances of the bubble will burst is higher than the amount of federal reserve can print in long run.
From the technical aspect
1. Ethereum couldn't break through the top of weekly downtrend channel.
2. Weekly wave 5 is showing up.
2. breakthrough on the bottom of daily up trend line.
From the technical aspect
1. Ethereum couldn't break through the top of weekly downtrend channel.
2. Weekly wave 5 is showing up.
2. breakthrough on the bottom of daily up trend line.