#ETH #UPDATE - As before, looks stronger than BTC, making more pronounced HLs, respecting trend, and has now formed into a symmetrical triangle.
An inside bar failure pattern on the 4h suggests we should at least test a bit lower at 174.20. However an equivalent on the daily a few days ago would suggest we test 181.85. (Although I haven't backtested reliability of this pattern on ETH)
Price remains non-impulsive on the up moves, and continues to respect bear ranges over bull although with growing indecision. However if BTC takes this down, at this stage I don't expect it to take out the recent lows even though my long term outlook below 186.50 is very bearish.